Ann: Appendix 3(Y) C Damiano - 7-Nov-16, page-9

"The Operator has identified numerous production enhancement and associated development

drilling potential. Importantly the field has the necessary land access rights, drilling permits​

and extensive infrastructure to achieve its potential".

"The field already has economic production with numerous low risk well recompletion and development drilling opportunities as well as exploration potential. The current production and future development opportunities exist in proven reservoirs between 1,500 to 5,000 feet containing 15 ‐ 32 degree API oil. The fields contain a large independently assessed undeveloped reserve potential as well as a large acreage position of approximately 3,450 gross acres".