Ann: Trading Halt, page-149

H, really quick call. No Cath - getting her cast re-done. So Gordon did it. Good but he's no Cath. Message still that it's low-risk appraisal drilling. Nothing new there. Some discussion re differing views of the COS (ie 50% vs 80%). Questions re the drill program - ie where next for the subsequent 3. No detail there obviously. Just words to the effect that it's an option for an additional 3 and those 3 could be anywhere - even FAN - depending on what comes back. And some discussion of the additional block but nothing new there. Very few questions which is probably good as it means that the analysts now know the story. On the wrap-up Gordon pushed the low-risk thing some more and noted the pushback from investors recently about the space. The message was that FAR was wrongly lumped in the high-risk category. And he mentioned a few times that the market wasn't valuing it correctly but everyone says that.

So in summary it was pretty perfunctory but that's good not bad.

The claim is that the book will close early this afternoon. Probably a good day for it given the Santos bid. A bit of attention back on the space.

Sorry I couldn't add more.