gazelle sidetracking , page-2

Hopefully someone can put some direct questions about UC3 at the conference call.

But I'm in no doubt from that new ann that UC3 was water-bearing.

This new ann basically concedes that the UC targets were a complete failure because the sidetrack is going to redrill only 200m from IVCO 14 in UC1 and it's going to intersect IVCO 14 in UC3.

Best decision that could be made given the circumstances IMO. Appraisal failed in what was supposed to be a production well, your only option is to go back and basically redrill IVCO 14.

As an exploration well though, results seem to have been quite good. LC-2 appears to be a good quality reservoir. Condor needs to find good reservoir but appears to be gas-bearing.

They just took a gamble of trying to kill too many birds with one stone, and the most important birds got away...