Ann: Quarterly Activities and Cashflow Report - March 2024, page-2

Not much to really comment on for the quarterly from me, bit of business as usual
- Looks like they have taken notice on the AGM voting, with more descriptions about it in the quarterly
- How great is that Wolfpack oil production, looks like payout should be announced shortly (estimated payout 13 months from 28/2/2023).
- Not many movements in WI's however we can now see the FMDP well percentages in the table
- Good to see they have deferred any new buyback until post FMDP, thought that would be the case (I couldn't really see how we could both fund the drill program and have enough surplus cash to initiate a new buyback)
- Good to see we are still generating positive cashflow (even when excluding the deposits from WI owners)