Ann: Trading Halt, page-72

Thank god no pleased to announce! Reading between the lines appears initially 1 well commitment of $23mil and again worded 88 style, usually multiple well plays at bottom of announcement. Rather them say black/white booked 1,2,3 drilling rigs. Tired of carrots. Obviously concerned with holders sentiment re becoming a 1 well per year coy.

I think they will present a second well in the sept presentation, happy to wait for details. If not with Premier then maybe Yukon with neighbour after this well. Bloody hope so. Holders wouldn’t be pleased for a 1 well in my opinion for 2020.

Agree with site area A conventional. So the terms are a lot better than I originally thought could be the case from a tier 1 ??? But Premier isn’t a BP, Repsol etc so this is why we have done ok in my opinion. Premier certainly isn’t in that category is it. Certainly better than OEL or us holders funding it.

Well done 88 as the hole we were digging over recent years was getting bigger and no oil in site.

As I suspected and said previously if 1 well announced SP might hit 2.4c only an aggressive multi well plan in my opinion would have taken us over the 3c mark.

Bring on sept drilling plans. Finally this FO nonsense has a little more clarity. GLTA.