Hi petere,I can understand your and other peoples caution with...

Hi petere,

I can understand your and other peoples caution with my interpretation of what was released in ASX 23/1/23 with respect to the "potential hydrocarbon bearing zones" - and it is very much an interpretation - but the context of some of the comments with respect to the data / information IVZ have stated that they have, SM's cautious & conservative approach and what may be reasonably expected from the depositional environment makes me think that the Upper Angwa intersected within Mukuyu-1/ST1 may possibly constitute a material net pay section.

I've reviewed this release on many occasions over the past months because of its critical importance and I'm obviously building in a lot of my oil & gas explorationist industry background - so as I state above its very much just my interpretation. IVZ could well "walk their interpretation back" to a more conservative position in the next Mukuyu-1/ST1 update but even if 25% of the 184mTVD was net pay this could constitute ~2,000Bcf & ~170MMBC in the Southern Fault Block based on my area & vertical richness methodology.

Points in Slide 1 are referenced to Slide 2 & Slides 3 & 4 are sections of the ASX release.

Cheers
VOGC