financial model - ndo - feedback included, page-19

Ya,

Thanks for your review and comment.

Galoc reserves are Nido net 22.23% accounting for production and sales to June. I use the 24.6 MMbbl number as the initial field (total) reserve.

A contingent resource is an oil in place (OOIP)estimate and not a reserve. You need to account for what is recoverable and then apply NDO's working interest share.

Tindalo and Yakal use 11 and 5.1 MMbbl OOIP in the calculation as shown. I assume some risk until the project is approved and the well tested.

I'll take the hit on Gindarra as I've used something reported, but not substantiated, from an announcement from KIK.

Thanks and regards,

OPT