Ann: Shareholder update - Senegal Project, page-14

CN from the ASX release dated 4 November:

This drilling program has the potential to create considerable new shareholder value. ​

We have high hopes for these three wells which have the potential to prove the SNE field size exceeds the minimum economic threshold which we estimate at 200 million barrels.​

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We will also test the very high potential Buried Hills play by drilling the Bellatrix prospect and as such this well​

will be very exciting.​

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FAR will release drilling information regularly during the program but will only provide material information ​

when we have sufficient confidence to minimise misunderstanding and ensure that the market will be properly ​

informed.​

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I'm taking exceeding 200 million barrels to be the "pre-drill expectations" today's announcement refers to. Therefore, yay!