Ann: Paus Biru-1 Exploration Well Primary Objective Logging, page-20

Ironbark Well - CUE contribution US$8.08m minimum on a dry well basis with no cost over runs - this is going to be BIG for CUE in every sense. They have the cash and must escrow it.

CUE need every bit of revenue/profit they can squeeze out of their assets, but are maximizing their undrilled assets in WA359 & 409 which could never have been drilled otherwise by CUE.

after such a turn around by management which i might add meant that they could particpate in his action otherwise they would never have been able to accumulate their share of the costs

This play really is something - CUE will survive a dud but gee will be wounded, BUT if successful - strewth