Ann: Dorado-3 Wireline Results Support Flow Testing, page-136

Fosss,

I don't about your situation. But the way I see it, its a great opportunity for us.

It is extremely rare in Australia to make such a large discovery. Read Ya's early post - the last time it happened was in the 1990s.

And if you have a look at the presentation at the start of the year - Dorado ranked 13th in size discovery in the last 4 years.

Ranked 1 in oil discovery in our region (yes, our Asian region).

There hasn't been any major oil discovery in our region for nearly 5 years now.

Not only that, but we are located in shallow water and in safe legal jurisdiction (Aust) - no need for anyone to be concerned about sovereign risks.

This is the premium we command.

Yes, we have to invest money (dilute our equity) to realize Dorado, and Apus and Pavo. But with each drill, we get an opportunity to increase our resource. If you remember at the start of 2018, all we had was ROC, and our SP was floating around 9-10 cents.

And then came the discovery of Dorado which pushed our SP up to 69 cents. That can happen with Pavo and Apus, which are located within this canyon.

I do not know what you would prefer, but I would prefer to take this low risk, than a whole new exploration from virgin territory. Of course, nothing is guarantee (as we saw at Roc S).

AIMHO

DYOR.