Ann: Mukuyu-2 Appraisal Well Location Selected, page-252

Hi All,

For those interested, I'm just posting my reviews of:

• The changes in the depth maps that IVZ have presented as the "Top" Upper Angwa Depth maps pre and post Mukuyu-1 - note the main difference may just be due to a change in the geological pick for the post Mukuyu-1 Top Upper Angwa event - however, I cover some other potential reasons as well. I am not concerned by the differences between the maps these are the type of differences that occur in frontier oil and gas exploration and shows a thorough working of the data / information that has been gained from Mukuyu-1.
• Comments on recent queries that Posters have mentioned with respect to the risks that drilling Mukuyu-2 might hold etc. - IMO, it's possible that some Posters are falling into the trap of getting Risk mixed up with Uncertainty. The way I would look at the Mukuyu-2 location is that with the results from Mukuyu-1 - mapping now showing a much clearer picture etc. - what are the technical reasons why you would expect any material differences to the Mukuyu-1 results i.e. will the faults seal etc.

I'm still expecting a pre Mukuyu-2 Prospective Resource Update, as I cover in Slides 2 & 14.

GLTAH
Cheers
VOGC