Ann: Pooling Order Issued for Jewell Unit, page-10

Read any of Peto or DanPech's posts and it will help Joe Blow. The basic summary is as follows:

* Brookside finds land/acreage that could have potential for oil development at cheap price;
* Brookside proves the land has oil reserves using either an external driller or part working interest with a partner;
* In the case of Jewell Brookside has decided to be the primary operator/driller (through its US partner Black Mesa) (95%);
* Spudding is the process of beginning to drill a well in the oil and gas industry and proving its potential;
* Once a well is shown to have quality oil output - they on-sell their acreage leaseholding to a developer at mass increased profit.

They have done this already to great success with some land - demonstrating a current Net Present Value of oil reserves worth $16M AUD based on only 10% of their holdings. Brookside has an expected return from the acreage they already hold of $50M AUD+ - with a Market Cap of only $11M.

The Jewell Unit where they have announced a 95% controlling interest is of high value to holders because it is expected to have strong results (spudding) which will show how much its oil is worth - of which we will have a dominant position (as opposed to 5% interest in other wells)...

There is a maximum potential here for over $250M AUD+ if things go well. The three areas in Oklahoma they are targetting are called SWISH, STACK and SCOOP.

Again, I suggest to read their announcements and DanPech and Peto's posts which explain it more clearly. Hope this helps initially..