Ann: 11.02.07 Amadeus Basin Unconventional Indepe, page-8

re: Ann: 11.02.07 Amadeus Basin Unconventiona... I wouldn't read too much into the numbers, they are subject to massive uncertainty as the report authors admit. All they are really saying is that it's a potential analogue to the great North American shale basins like the Bakken, Barnett and Marcellus if you can find the sweet spots.

And the chance of that is rather low at the moment given the extremely limited data. Hopefully that report tempts a few of the big boys to show some interest. It's too big for CTP to chase alone.

The most interesting thing for me in there was FINALLY getting a look at the wireline logs from JW-1, plus all those other wells right across the basin. That really showed that the basal Stairway is consistently the cleanest and likely most permeable part of the formation, so if they haven't reached the basal unit yet in S-1, it's a very good sign. I really hope they hurry up with getting a new rig for it.