Ann: Investor Conference Call, page-2

A master class in execution of CSG reserve certification.....

Those who may have followed my posts will appreciate that I don't pull any punches but the Conference call was a master class IMO.

I understand that it will be available on the Galilee Website shortly.

I was  impressed both with the quality of the questions that were submitted and the straightforward way they were answered.

One of my mates said "They've  managed to reduce this complex exercise to a bog standard  dewatering  for a large basement car park excavation".  

Bit of an overstatement but, whilst I stress that I do not have access to detailed subsurface data, my impression is that the Galilee well engineering team  have balanced drainage model design, economics and risks very well.

The comments on reduced  field development costs through Increased well spacing, and the production of  good quality water that can be used for irrigation  are  worth noting since they lower the cost of production of gas per gigajoule which will add to the potential share value.

Regards

OGP