Ann: Phoenix South-3 Drilling Update, page-63

ya

a week ago ps3 was at 4,619 metres Measured Depth (“MD”).

hoping the next announcement this week?? is that they have drilled to 5,160 metres MD, set the 9-5/8” and they are ready to start drilling the 8-1/2” hole section to the top of the primary Caley at 5,360 metres MD. if so, that would be circa only 210m above the caley pay dirt...

from memory ps2 drilled about 35m into caley before having to pull the pin due to excessive gas readings with still 185m of caley remaining untested.

given the ever changing top of caley structure re recent asx releases it will be interesting to see how thick ps3 caley turns out to be and how long this takes to drill and run WLs/test...

Adl