Ann: Significant Oil Recovered- Lower Cisco Sand at Arledge 16-2, page-2

Amazing to think we have 80bopd before we have even fracked/gone to pump, WH20#3 was fracked and only flowed 49bopd before it increased to 306bopd under pump. We could be looking at some serious multiples of the 80bopd here if history is to repeat itself once fracked then placed onto pump.

Even if the frack and pump doubled the output to 160bopd this is 100% WI so we would easily double the 133bopd net we are currently producing and looking at around A$2m+ per quarter in revenue.

Seriously flying under the radar at the moment, looking forward to seeing the completion of this to get a proper re rate. Can only mean our acreage value significantly increases.

515M shares on issue...even at 10c we are only a ~$50m Mcap!