Broker Analysis, page-69

I'm not sure why there is a belief that the company has committed to an internal resource report at any time, let alone in April. I can't see the point of releasing one so close to the IRR and just confusing punters. I CAN see the logic of doing one a bit later to give a less conservative perspective than the IRR and also to incorporate any conventional prospects identified by 2D seismic (which won't be in the DeMac IRR).

Looking back at company announcements I can only see references to the external IRR. In mid Feb they did include within their forward plan "internal characterisation of the resource 'prize' potential". I think they have left in deliberately vague as to how and when they provide the characterisation and whether it is numbers or descriptors or just analogues.

This is not DW's first rodeo!