Ann: Transforming New Standard Energy , page-12

We have moved from

Prior to Today
a) moderate risked near term play near infrastructure (Merlinleigh - Carnarvon basin)
b) High risk Canning basin plays no infrastructure

to ...

Today
a) Immediate production with 6 wells producing
b) Two high probability wells in Eagle ford in Q1 2104
c) Two high probability wells in Eagle ford in Q3-4 2014
d) Mid term Cooper Basin play near infrastructure
e) Longer term moderate risked near term play near infrastructure (Merlinleigh - Carnarvon basin)
f) High risk Canning basin plays no infrastructure


So near term income and sustainability to offset the longer term high risk stuff... Risk mitigation in a nutshell