Big week, page-7

Thanks Yeoda a question we should all be pondering

Supportive

FACTUAL

From last Icewine 1 update

http://clients2.weblink.com.au/news/pdf_2\01717816.pdf

Rock Mechanics Further De-Risked by Additional Analysis:

o Average Clay Volume 40% - Analogous to Marcellus and Haynesville Shales

o High Percentage of Brittle, Non Swelling Clays

CIRCUMSTANTIAL

o they have begun planning Ice 2 well

"Forward Evaluation Program Integrated core and petrophysical analysis continue with results expected on key variables over the coming weeks, including:

Additional rock mechanical properties – basis for integrated well stimulation design

Question. Why initiate a well planning program if rock mechs are rubbish ?

o they are initiating farm-out process

o Continued upward sp trend. fund buying ?

o commissioned Independent Resource Report


UNKOWN/ questionable/ needed for continued derisk

o stress regime

o fracability

If not entirely favourable can fracability be managed via frack technology to allow a good performing well.

o over-pressure and seals top/bottom

Report on pebble shale below HRZ/ bottom seal and does the interface between the Kuparuk and HRZ create a top seal.

Please add if Ive forgotten any.

d.