Ann: Commencement of EP413 Arrowsmith 3D seismic acquisition, page-4

Hi Tui,

Could you please explain the nearology of Irwin 1 - how near? similiar structure being targeted? results to date?

The reason I ask is that NWE barely struggled to raise the money for the seismic. I figure they will need more money for the actual drilling. However, if Irwin 1 is going well, and a close analogue for Arrowsmith, I thinking raising the capital will be a lot easier. Also, if Irwin 1 is looking good, AWE might takeout NWE.