Announcement, page-4

Watchdog,

Let's hope so as I still have a low buy order in queue ( top up).

I was going to suggest yesterday that I wasn't expecting anything from Apache last night, because one it was too early and two it was about financial and production figures. However I knew I would only get slanged.

Anyway we now have Apache's report, and no mention, BUT no discussion of other exploration at all either. Let's remember even if in production PS would only just be material to Apache, 40% of say 30 kbopd for a company that produces over 600 kboepd.

Very clearly NOT an exploration report.

There is however a brief mention in the supplement to the QR, but this too is NOT an exploration report:

"Australia  Third-quarter 2014 production averaged 55,578 Boe/d, up 12 percent from second quarter 2014 as a result of the successful commencement of production at Balnaves oil development.  During the quarter, Apache operated two semi-submersible drilling rigs and drilled the second tri-lateral development well at Coniston and the oil discovery on Phoenix South 1 exploration well."

So there you have it, it's still there.

EL