Ann: Preliminary Wireline results shows Multiple Potential Zones, page-824

Hi All,

Just posting for those interested my summaries of the ASX 24/11/22 & Webinar.

Key points IMO:
- drilling a ST for fluid sample & pressure data is an excellent decision based on well bore conditions and particularly the thickness of skin taken off the SWCs - SM's comment "very low chance of successfully acquiring a sample" [a hydrocarbon sample from the sample chamber]

- Mukuyu-1's results so far de-risk further exploration within the Basin

- Pebbly Arkose has potential for gas & light oil

- Upper Angaw
- lots of zones with gas in them - irrespective of logging parameters used
- much thicker Upper Angaw section intersected - potential for a material increase in resources on a discovery being declared
- structure is potentially filled to spill
- sands in the hydrocarbon columns do not appear to contain any water legs
- condensate or light oil - from "fingerprints", mentions potential for light oil on a number of occasions
- from visual inspection medium to coarse grained sandstone - encouraging for permeability

GLTAH
Cheers
VOGC