Ann: Appendix 3(Y) C Damiano - 7-Nov-16, page-10

Thanks have tried to be conservative, the nice thing about this sort of play is drilling and completion is relatively cheap compared to Texas plays so a healthy cashflow and 25% share to XST will easily see new drilling paid for. We don't know what the reserves are yet.

At least Cosimo has got off his chuff and is doing something, more than can be said for the predecessors... plus if SGC get off their chuff and drill dempsey we have that upside to consider as well.