Ann: Alameda-1 Drilling Update, page-72

Hi Rocketa,

For the 415m logged gross pay section the net pay at 12% & 9% porosity cut offs are 48m & ~100m respectively. It was mentioned in the ASX that "preliminary analysis indicating potential oil pay in 11 intervals", thus, as the net pay sections are contained within the overall 415m gross pay section these 11 intervals are also within the net pay sections (for respective porosities). Then its just a simple division of 48/11 & 100/11 for the average thicknesses.

With net pay at an average thicknesses of ~/>4.5m this could potentially add material value to any development by using Geo-steered multi-lateral wells as wells can be steered horizontally, with out too many issues, through this thickness (see Slide below - "horizontal" well through an ~5m reservoir.).

The COSs are for each individual Prospect.

Hope this helps.
Cheers
VOGC