Doing a deeper dive into Western Gas's licenses...They...

Doing a deeper dive into Western Gas's licenses...

They previously had 88% success rate from 22 wells in the past- past success is no indicator to future.

However, Sasanof is definitely the prospective and higher priority targets in their field from all the data available. the only reason this was not previously drilled is because the license was not granted until essentially the handover to Western Gas from the previous owners.

You can see below the sheer size of Sasonof compared to other targets along with the seismic data showing which is far more distinct to previous targets.

Also nothing that western gas internal documents have Sasonof's high case being 24 tcf....

exceptional past success on previous targets
far superior data showing for sasonof than other targets that were successful...
internal estimates of 24tcf
in same region of already proven mega gas deposits of over 10, 20, 30 tcf
world class rig due to be mobilised in coming weeks
primed market for gas discover with major players almost certainly to pick it up given successful find
capped at circa 60m for 25% ownership of a potentially multi billion dollar deposit...

very excited for coming months.