a new page, page-36

Hi Joe

thanks for your reply.

I did not expect any response at this late hour, but i have looked at a few back anns. which suggest to me that water is currently being disposed of elsewhere, costing about .5% of revenue.

Also, as has been noted by others, previous X sections (schematic unfortunately) show the oil/water contact near the base of the fracked interval, and the T2H interval being up dip, so the suggestion that only the last section or so will be affected looks very plausible.

I do feel its been a bit oversold, exacerbated because news came out on a bad day.

As mentioned above, I think it represents good value; I go very much on EV, and this is now not much more than a Bayside property in Sydney. I have very definite views on what makes the better investment.