Ann: Galoc Phase II Drilling Update Number 14 , page-9

"To me if you stop drilling with 260mtrs of porous resovoir,because you don't want to risk losing completion on that,then 1400mtrs of the same in the other hole must be wet your pants material."

From update # 10...
"...drilled the G-6H 8½” hole section to 3,466 metres (from 2700mts @ the 9-5/8" casing shoe, update # 9) through the Galoc reservoir interval, intersecting both sandstone and claystone intervals consistent with conditions experienced in previous development drilling at the Galoc field (read Phase I). This has included a significant interval of high quality, oil bearing reservoir sands."...read 260mt inclusion.

So the total 8-1/2" hole section to that point (from 2,700mt to 3,466mt) was 766mt, which included a high qual sect, and the rest we can pretty much read as being consistent with drilling conditions experienced in Phase I, because up to that point, there was no mention of "poorer" sections of reservoir.

Even if we allowed from 3,466mt to TD at 3,958mt (update # 11) to be all poor quality reservoir section, we would still be left with 506mts of reservoir section consistent with Phase I conditions, + 260mt of high quality reservoir...in my reading of it.

From Update # 11...ahh, I don't even want to go there. The wording is so ambiguous the room for misinterpretation is enormous.

Total horizontal section (G6 + G5) = 3,177mt.
Total significant net oil pay sections (G6 + G5) = 1,645mt, or 51.78% of total horizontal section drilled.