Sorry for the rough diagram..The Condor exploration prospect was...

Sorry for the rough diagram..

The Condor exploration prospect was encountered with good gas shows however preliminary log results indicated a low permeability gas reservoir at this location.

The Gazelle-P3 ST well trajectory was planned to intersect a number of targets and as a result only the edge of the
potentially large Condor trap was intersected.

Gas to the edge!

CMR results combined with a pressure measurement demonstrate this prospect is in a similar high pressure gas regime to existing proven Lower Cenomanian reservoirs. This result considerably de-risks the trap associated with the greater Condor prospect and it is anticipated that a follow up well to fully evaluate the prospect

What does Condor mean for Rialto?

Condor Gas Prospect(mean gross resource of 758 bcf),Unrisked
(US$ mm)485, EMV(US$ mm) 108, A$/Share 0.16.