Here is the section on Bessies from the Dec...

Here is the section on Bessies from the Dec announcement...nothing to be sniffed at IMO!!!

Indicative Hydrocarbons in Place

Source Rock Analysis conducted on core samples recovered from Bessies-1 indicate that the Toolebuc
shale is generating free oil and associated gas. Weatherford has provided Exoma with a preliminary
estimate of the potential Oil In Place (OIP) and Gas In Place (GIP) in the Toolebuc shale at the Bessies
location. These estimates are based on pyrolysis S1 peak values converted to equivalent million barrels
per square km (MMbbls/km2) and the sum of free and adsorbed gas storage capacity.
OIP (MMbbls/km2) GIP (Bcf/km2)
0.2 to 4.5 (average: 2.2)* 2.9 to 6.4 (average: 4.0)*
Core analysis data from Euston-1 and Katherine-1 are yet to be received from Weatherford Laboratories.
A further independent analysis of the core from the three wells is being conducted by Corelab in the USA
and will also be available in January 2012.
Significance of the Discovery
The data from Exoma’s 2011 shale exploration program provides the first systematic technical confirmation
that the Toolebuc shale contains liquid hydrocarbons, bitumen and associated gas. Based on the laboratory analysis of the Toolebuc shale core from Bessies-1, the OIP of the shale at that
location appears to be comparable to that of the US Bakken shale in North Dakota, which has reported
OIP values of between1.5 to 4.7MMbbls/km².