Ann: Operations Update - August 2023, page-6

No clarity or information on the cost to produce one barrel of oil within our Australian operations... what is it it costing us in AUD? Is it $40 a barrel? $60 a barrel?

Also once we know. How does this barrel cost compare to other mid-cap oil companies?. Or even large oil companies?

Is there anyway we can get the cost down further? Is there a point in production where the cost will drop?

For instance if we reach 200 bopd, will the cost to produce a barrel go down -5%. Once we reach 300 bopd will it be 10% cheaper to produce a barrel.?

It's great to be making producing all these extra barrels of oil per day, but our bottom line here is the cost to do so, so we more information on what that is and how they're going to reduce it.