Ann: Daydream-2 Lab Results, page-56

If EXR are to mirror QGC..... which I see only a 10-20% mirror at MAX happening....QGC is historical exception in QLD... EXR will need:

*****Prove DD2 and succeed in all fronts with good PHAT results - ****there is no room for mistake here... or it's a goner...

then:

• Find a $$$$$partnership/s aka DILUTION
• Build 3-5 more wells

Then what happens is to be guessed...... It will take about 4-6 years from now ... easily...' its a hard and longer term...... It means Mongolia project will be on "PAUSE" / slow course..... as needs plenty of $$$$$$$$$$$$$$$$.

The other path is:

*****Prove DD2 and succeed in all fronts with good PHAT results - ****there is no room for mistake here... or it's a goner...

SELL the GRANDIS project....... a instant dividend to shareholders and plenty of $$$$$$$$$$$$$$$$$ for Mongolia project.......

Take your pick....... IMHO, Neil is the Grasshopper and Richard is the Master....... I hope Neil does not think he will mirror QGC outcome as it will never happen......only IMO......

Waiting on DFIT news..... delays are NOT GOOD in this business......just saying.....

GLTA

T10