Going back to the original point on Jewell well reserves..I...

Going back to the original point on Jewell well reserves.

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I asked Wazza whether he believed the figures on the Stonehorse energy website.

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Specifically production to date of 302,000 BOE and Estimated ultimate Recovery of 1800,000 BOE.

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That means there is just under 1,500,000 BOE left in the ground,

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Stonehorse NWI is 31.125% which equates to around 465,00 BOE. AT 100 AUD profit per barrel this means Stonehorse Jewell reserves are around 46.5 million AUD.

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From a memory after 7 years from production start I believe the NWI drop to zero.

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Please correct me on this as this is from memory when I had not started to accumulate in SHE.

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It is unlikely SHE will be able to extract the 46.b million AUD value out of the ground before the 7 years is up ..Unless the wells are expanded or re-stimulated.

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Any insight on this from other is welcome