FAR - RBC Broker Report, page-20

FAN1;

A 500m gross oil interval with a 29m net column in multiple stacked clastic (sand) reservoirs with a 10–15m interval as the thickest recorded section;

Well, at least we have a little something extra on FAN1, 10-15m was what I was hoping for from multiple levels making up
that 29m. Better than 6 sections of under 5m. However, as stated.. " The nature of fan sands is that they have complex geometry and require significant and detailed follow-up work. It is likely 10–15m thick sand is insufficient to underwrite a commercial outcome—a more extensive (thicker) section will be needed. ". I take heart from the statement from CNE's
head Geo that "sweet spots will exist within the FAN1 structure". As we know, it is going to require a lot of detective work
and possibly many appraisal drills {if they don't get lucky early} to find them.
" The company is still in a resource definition mode, so results to the upside of (for example) contingent resource estimates could sustain any re-rating impetus. " Yes, still waiting for the OFFICIAL release of 2C results,
hopefully from FAR. Enough of this bits and pieces information released and somewhat "buried" within the reports from
CNE & RBC.

GLTAH