Ann: Commencement of Drilling of First Development Well- Mustang, page-7

http://research.iress.com.au/IDS/ol...00001DB1EFD82C56E540084E16002C730000&ppv=

Surprised to see todays ann missing from HC, must be a glitch.

Given the chance of success on this one was rated at 23% it's encouraging to see oil

Highlights
• Completion activities have commenced at the recently drilled Arledge 16#2 (100% working interest) well targeting the Lower Cisco Sand unit.
• The combined swabbing rate from the first two of four intervals perforated and acidized to date is approximately 80 barrels of oil per day (bopd).
• The result is highly significant given the intervals are yet to be fracked, the remaining upper two intervals have not yet been tested and further gross oil pay has been identified.
• The forward plan is to fracture stimulate the two perforated intervals. This frack will also target the potentially 70 feet of thin bedded oil pay below the lowest perforated interval. It is expected that a frack crew will be available in the next two weeks.
• The Lightning Prospect has a Gross Prospective Resource high estimate P10 of 6.39 mmbo1 in the Lower Cisco Sands.