4.1, page-68

Hi,

to management or anyone

I'll put my 2cents in.

I think we should develop this as per the brakken in the us.

Do vertical wells first with multi stage fraccing, if we can fracc every 50 metres (or is that feet?) and we have a lot of frac stages. If 1km then 40, more likey 15, And if the K is good for 200 metres and flows oil and gas, with 4 stages in the K we have the gas and 200 bopd and all the others sections.

To my simple mind we will have very commercial wells. We can put one in every 160 acres, low cost and fast payback.

Understand management wants the best given AWE success in Sugercane in USA, but realistically in Australia we do not have the spread capacity for one 6000 ft horizontal well. And if we just have enough can you imagine the cost of getting them all together at one site, and every second rig will blow out as the pressure builds. Disaster for costs in the making. Please do not try!

Keep it simple and make money, then get the horizontals going.

Anyway DYOR and dismiss my ramblings, good luck all