Ann: Lockyer Deep Project Update, page-107

Well@Fat Harrys Cat you can tell Fat Harry he is welcome to take it whatever way he wants, it is his prerogative. And it is the same way a reserves certifier would look at it, and it is the same way a buyer/predator would look at it. As an owner, however, its not the way i would look at it. As we've been saying all along, the certification system punishes potential, no matter how real it is.

What the JV currently has in LD is shown below. There are now a dozen or so penetrations into the Kingia in this fairway. And they all consistently show clean, well rounded, sands with preserved porosity and permeability. They have all hit gas. They are all capable of producing upwards of 50MM CF/day. The data is showing potential 100km2 of closure in LD. You could probably put 6 wells into it instead of the four id mentioned. And yes, Fat Harry is right, you can only be 100% certain when you intersect it with the drill, but the discovery/appraisal risk is significantly diminished now. DYOR