Ann: AGM Presentation , page-4

Hmm. I guess everyone on the BRU thread must be at the AGM which is on right now :)

Positives
*Rig on Standby
*Rig contract contained standby clauses
*Ungani-2 still performing above expectations..better reservoir
*Apache Coastal farmin on track, plus 3D seismic also planned for deeper targets which might be drilled because of cheaper initial wells?
*2-3 wells... 3rd well another Coastal prospect?
*Smaller team
*Tighter cost controls
*Drilling rig performance good overall for first well
*Ungani North and Ungani-3 to be tested
*Major Farm out negotiations continuing

Negatives
*T/O negations for both Laurel Testing and Ungani P/L still ongoing

Neutral
*Tight Gas EPA response imminent (for better or worse)
*Yukka Munga prospect drill ready in June (but will it be drilled?)