Ann: Walyering Reserves Statement, page-5

Whilst perhaps a little disappointing re reduction in reserves and resources its certainly not the end of the world. Our capital expenditure on the plant was paid back in May and we are still generating strong and reliable income. Further upgrade potential to resources with future holes planned will further add value over life of project if successful. As BWM28 stated it is not entirely surprising given the nature of faulted basin geology in this area. To be honest I am just happy that we still going to continue to make money out of this whilst the bigger picture, i.e. WE field, OH, ED1 etc unfolds. Perhaps I'm just a glass half full type person.