Ann: Update on Drilling Status - LP-2 and LP-3 , page-2

re: Ann: Update on Drilling Status - LP-2 and... While these announcements don't bring anything tremendously exciting from week to week, it's good to see progress is being made and reported on timely and thoroughly.

Some questions for those who know more about the process than I:

- The core coal sample analysis results. These have been sent to Brisbane with final report due by the end of July. Is the data usually publicly announced and how informative is this data with a view toward recoverable gas?

- The completion rig arrived yesterday and is being setup on LP-3. How long will it take to dewater all 3 remaining wells? ICN haven't been specific on this other than (from their website) "the de-watering process can take several months, although we have minimised the distances between the pilot production wells to provide for accelerated de-watering of the Walloon Coal Seams."

- After this, generally how long does it take for gas to flow enough to obtain an idea of commercial flow rates? Again, ICN have merely stated, "Gas flow rates do not usually reach commercial rates for some time and the buildup of production gas will be reported on a regular basis."

- From here how are certified reserves calculated? What factors combined lead to a 2P or 3P certification?