Ann: Restructure and gas field operations, page-4

Announcing the 41% reduction is (imo) an excuse to put the below in without providing a full operational update...

Analysis of this is ongoing, however, results thus far indicate the scale can be, at relatively low cost, removed and also inhibited from forming in surface equipment. The result achieved at Odin-1, where an increase in production of more than 2.3 times was reported on 1 October following scale removal, is demonstrable evidence of what can be achieved. Vintage is investigating low-cost evaluation, remediation and optimisation projects with work commencing this week on installing chemical injection equipment in the gas line to inhibit scale production in the Odin meter.

The work already completed may also provide encouragement for production enhancement at the Vali gas field. Further investigation will be required before this can be confirmed, however, we are encouraged by the possibilities.