another success, page-6

Still a good deal considering $3.5m per well from CS Energy.

Assuming continued farm in for Waggamba 6H & 7H, that will be $14m for the four wells drilled.

MOS strategy has always been to farm out risk and reduce costs of drilling/exploration.

The fact that they haven't had any takers for other 100% wells is probably due to risk/reward factors of those wells.

With the high possibility of success at 5H it is looking good. Production tests will be interesting. Let's hope production at 5H doesn't greatly affect 4H. If we can get close to 120BOPD and 2mmscfd gas at all four Waggamba wells we are in for some great revenue streams.

Looking very positive at the moment.