Don't forget that under the PSC agreement we have activity and...

Don't forget that under the PSC agreement we have activity and spend obligations....and there is a significant point to further exploration, based on the assumption Nomgon proves to be commercial....there's not much we can really do @ Nomgon at the minute, apart from furthering the pilot program (ala N10 that just spudded).

There's also the potential, as reported, for more pilot/s (presumable BS and Yangir).....and to do pilots, you have needed to explore and then appraise promising wells.

So...yes...there's very much a point to continue exploring because (again an assumption based on Nomgon commerciality) it will enable increased leverage for us when it's time to flog the whole PSC off, i.e our valuation won't just be based purely on Nomgon.

We'll (fingers x'd) have,

• Nomgon proven
• BS & Yangir piloting, with significant knowledge and data gleaned from Nomgon processes and experience.
• and fkin hopefully another 1 or 2 or 3 sub basins showing promise, based on this current exploration program.

However...post this current phase (funded and approved by regulatory process) , we are really at a cross roads.

We'll hopefully have successfully achieved the 3 bullet points above ......or conversely, we're in the absolute poo.