Ann: Juanita Well Operations Update, page-48

Yep.

If the Mc Lish comes in as hoped that will add significant conventional reserves to the already known Viola and Bromide Zones. It's mainly a case of finding the fault blocks and the structural high points that fragment the field . They think they have found the right spots and it's up to the the drill bit to prove them right or wrong.

If they are right, they should be able to upscale quite quickly, add material acreage at 20-40 acre increments, reserves and meaningful production quite cheaply at ~US$1.5 million per well. If they are wrong then they haven't spent much money on the opportunity and can move on if they decide the Viola/ Bromide is not material enough for them to base expansion on.

Cheers

Dan