Ann: Quarterly Report and Appendix 5B, page-2

A few points.

* The company is funded for the WE-4 and WE-5 wells as per the joint venture agreed budget.

* The joint venture has yet to decide the sequencing of drilling WE-5 and the WE-3 completion post WE-4.

* The presence of gas in the Dongara, Wagina and Carynginia is a positive result and the Joint Venture continues to consider the implications of the geological data acquired at WE-3.

Tesorillo SPAIN.
VERY interesting positive talk..

*Subject to further COVID-19 related delays, Warrego anticipates that the open regulatory approvals will be obtained in the first half of 2021 and permitting can then also be approved in 2021.