Ann: Walyering Update, page-15

...this is truly above a l l expectations... unbelievable results from the Jurassic fairway...!!!!

These flowrates achieved using an 0.75-inch choke?? With 2,000 psi??

...and handy 4-6 bbls of 34-45 API oil per mmcf which brings us to an additional production of 365 bbl/d of light oil so far... before testing the A sand??

crazy...!!!!

The final comingled test might surpass the 100mmcfd gas + 500 bbld oil threshold and can challenge the Lockyer-1 flow records...
I'm completely sure, this will be the cheapest gas to production in Australia...

...and it sounds there might be some upsides to the size of the resource. The flow tests are designed to understand to what extent the gas bearing sands are "connected" within the reservoir...

If the JV would get an exception from the WA gas export ban for the Walyering gas, Strike would be in a completely different funding position for the exploration and development of their gas resources in the Jurassic and Permian fairways - it would be a masterstroke for the economics of WA....

One cannot rate these interim results high enough...