Ann: September 2018 Quarterly Report Conference Call Details, page-4

1. WSGP came online on 23 October 2018

2. SXY stated "First wells online in mid-2017, expected to produce ~10 TJ/day (~0.6 mmboe per annum) by mid-2018" in presentation on 21 Feb 2017. It can therefore be inferred that after 12 months we should see 10TJ/day.

3. The June Quarterly stated "Gas volumes from WSGP increased 67% to approximately 50,000 boe compared to Q3 FY18 as dewatering continued. Production for the quarter averaged above three terajoules per day."

This quarterly tomorrow is to September - wells will be online for 11 months.

10TJ/day would put us close to 150,000 boe over 90 days.

We produced 270,000 boe for June quarter (including 50,000 from WSGP).

I would therefore like to see production between 320,000 ($30M revenue) and 370,000 ($35M revenue) (this upper range is unlikely, as it assumes 10TJ/day over the entire 3 month period, although there would be some contribution from Vanessa).

This would equate to +ve cash flow from ops of between $11-$16M per quarter

Hit that, achieve financing close and provide a solid outlook and its game on again