Ann: SM71 F2 & F4 Operations Update and SM69 E2 Production Update, page-52

Not sure the market has agreed with you cara YTD return -32% from 16c of 12 months ago to 11c as of today.

Key near term catalysts where will E2 production stabilise and how much did the well in fact cost ? Can they afford any other near term well, not sure but i have an estimated cash balance of ~$4M os of 31/12/21 on the basis they have paid $4M of $12M drilling costs by this time.

G#1 & G#2 has the decline stabilised - worth bearing in mind the vast majority of BYE 1P/2P reserves (~70% 1P/2P Oil and 25% gas reserves) are attributed to SM#58 and the vast majority of these noted reserves are undeveloped. I expect underperformance of G#1 & G#2 will do no favours in next years reserves audit.

The next quarterly report will be telling with respect to answering a few of the above questions.