Drill cost estimates, page-43

Thanks for your post. The PEP11 JV is definitely in the junior explorer category, most on here would be very happy just to get the tick from the regulators (NOPTA and NOPSEMA are still pending) to move to exploration drill phase.

In regards to exploration drilling, the company is on the record stating the Baleen gas exploration prospect sits at around 2200m and the CCS porous sandstone prospect sits at between 3000-4000m. The company has stated it's intention is to cover both components with the drill, so total depth will be up to 4000m. Do you have any further comment on drill cost estimates?

Assuming the indicative "multi Tcf" prospect is found and moving to production is financially viable, and the sandstone is deemed suitable for CCS, could you please comment on the logistics of the process. Given that the well is 22km off Munmorah, NSW, do you envisage the extracted gas being piped ashore, "processed to strip out CO2 and any other impurities like water, condensate, mercury etc" and then the CO2 returned to the same well for sequestration? Or are there alternatives that could be considered? Thanks