Ann: TDO: WA/527- P Update (Amended), page-72

Top Gear,

No, I think you are assuming too much of Euroz.

They have simply taken the pre-drill gas/condensate boe and assumed the same quantity as oil instead. Given the relative densities, recovery factors etc it seems a reasonable ballpark estimate to me, assuming the same trap size.

I suspect it is conservative though and not particularly informed. A reasonable way of coming up with something in the face of gross uncertainty, without putting your head in a noose. I would expect if they had and had used tangible inside onfo on this, then ASIC would be all over them and CVN.

EL