Ann: Discussions with Strike Energy, page-326

Hi tui
I always enjoy reading your comments.

Let me provide you with some extra comments on your point 2. The 45:55 joint venture is already in place for additional drilling in EP 447 and prospective resources have already been identified at Badgingarra, etc to the north of Walyering. I expect that TPD will be pushing to drill that area within the next 2 years funded from our FCF, but STX won't have the financial capacity to do so because they will have to focus on their bigger commitments at WE and SE.