Ann: Sino Gas - Well Testing Program Commences , page-10

re: Ann: Sino Gas - Well Testing Program Comm... OK, correction time

Patersons have valued (NPV) for full resources development, not just current reserves, so I was in error with my prior post. They've allowed for dilution for capital requirements and risked at 25% for Contingent resources and 10% for Prospective resources

So their view of the upside for a successful (i.e. unrisked)full development area project is around 11*4=44cps with some more on top of that for the wider propsective area.

to get there we need the commerciality of the full development area proved up as reserves, and Chinese approvals granted, which you would expect to follow the reserves determination

so i eat my words, we'll get to the 13cps as they prove a wider area of the field this year and progress beyond that in the following years