Ann: Tamarama 2 & 3 Operation Update, page-84

"Why if it looks like a duck and sounds like a duck, couldn't it actually also BE a duck???"

Or a witch!!!!......sorry kip (off topic) but couldn't help thinking of that scene from The Holy Grail


Back on topic......given that BCG is "the new kid on the block" so to speak, any form of re-rating will only be results driven. I don't want to be a wet blanket but I'm of the opinion that we most likely won't see fair value for some time yet ie. until these (somewhat hopeful, yet increasingly derisked) results transform into production/revenue. CBM operations can be somewhat extrapolated by the market to determine estimated results, whereas we need to prove beyond doubt our concept works. We're tracking along nicely and with each new well there's been a steady increase in performance and invaluable data. Bringing these wells online and into production is a key step and further evidence that this concept will work at full scale......having 9 wells online in phase 2 is where we'll start to see a larger % of this value unlocked imo, as the market starts to gain confidence and understanding.