Ann: Investor Webinar Presentation, page-58

No- we're testing approx 19% of the nett pay- and potential plans for a DD3 drill as per previous announcement slide packs (which we think a partner will stump up for- cause we won't have the cash for another well given current balance)- you could extrapolate and infer from this current DD2 exercise but the process of 2P Proven evolves slowly from Reserves to Contingent to Proven- with diminishing results as you clarify.

i.e.
Neil said in his response today on that webinar to a Q asking his "favourite" of the 6 stages we're testing and he replied (not verbatim):
"the coals- they'll be the weakest flow but have 20-30 tcf potential"
IF we end up with say 2-3 tcf from these coals as 2P proven (from a Resource est of 20-30 tcf) that would be a great result- tremendous in fact.

We have enormous coal volumes and seemingly a bit of gas desorbed to them (recall the ALS lab onsite etc)
the trick will be to frac and stimulate these coals to extract the gas at viable flow rates- shed tonnes of coal- but getting it to flow viably is the trick.

But again, in essence to answer your Q- No....a 3 tcf 2 P Proven Grandis result will take time, more drills, more money, a partner etc etc.
But DD2 could set us up nicely to negotiate best outcomes to push forward to get a 2P number booked
So...we won't be a $2.40 sp anytime very soon- but could be, down the track...potentially.....caveat emptor