Ann: Hickory-1 - BFF Maiden Contingent Resource Estimate, page-23

Thanks for all the comments. Certainly it is a difficult report to understand if not familiar with oil analysis (and I am not).
The main focus of the report is to say that the resource has going from Prospective Resource to Contingent resource. The next step is for it to be upgraded to reserve.

As far as I can tell we do not yet have any reserves. The 2nd last para, page 2 is a bit difficult to understand. It implies that the BFF resource is not the priority. I do not agree that this makes it worthless - rather once they get pay oil from the other prospects (i.e. SMD) they can later assess whether to get pay il from BFF. I don't think that is a negative result. They have said they are seeking the viability of commercial development in the next 6 months. This is all fair enough. There is a chance of non-viability, and I think there is no clear guidance on what that is. I don't understand comments from one contributor that gas is worthless.