Ann: Corporate Presentation, page-3

1st question answered:

Phase 2
– Install artificial lift system, additional tankage
– Target installation date late 2017
– Production rate dependent on field performance in Phase 1, but aim is for increase
– Costs ~$3 mm, funding under discussion

2nd question answered:

JV program has re-evaluated all data to define best targets for next drilling campaign
▪ Focused on Ungani trend
▪ Also focused on new plays from the Anderson/Reeves discovery in Ungani FW1
Exploring potential funding for multiwell high impact program with 10 prospects being cleared and and EOI for rig underway

Gas - not sure it answers how we fund it unless we completely fund it ourselves from profits, but Forward Program:

Expected ultimate resource volumes will underpin long life and large scale contracts
▪ Project flow is to market initial tranche of gas to underwrite pipeline, facilitate development and to create project cash flow to fund further project expansion