Ann: First Oil from Wizard Lake, page-7

Its good that the capital infrastructure is now established (I like the pictures), however it will be the numbers that do the talking. The sustained oil extracted -> output from processing and ultimately the sales revenue earnt less expenses in doing that. I think operational wise that should give a good indication of returns/recovery of deployed capital invested. It's a bit of a crude analysis but thats what I'm looking to see from the numbers.

I'll exclude from this further drilling or exploration which If sucessful could be spread across the shared production facility/admin costs. Each well may generate slightly different returns both in oil extracted and capital deployment.

I am not across what sort of $/bbl should be reasonably expected to be achieved based on the location and oil specification.

That's my 10c worth.