JRI Fireside chat with Scott Macmillan Tues. Nov 28 @ 9:00 Perth/12:00 Sydney, page-153

The table in the announcement on 23/1/23 stated the first zone of hc’s for MK-1 was at 2,823m. And we were still in hc’s at TD of 3,923m in the original well bore. That’s 1,100m of gross hydrocarbons in MK-1 UA versus only 500m at MK-2. I would have expected the opposite - that the reservoirs thin out to the flank at MK-1, rather than the other way around. We were also told that the MK-2 well site selection was to target thicker, better quality reservoir. It just seems like a point of interest worth discussing. Becomes a non-issue if the Lower Angwa is fully charged and goes on forever. And it could turn out that we have a much higher net to gross ratio across the 500m gross interval at MK-2 and our total net pay in metres is the same or greater than at MK-1 even though it has a larger gross interval over there.