General Thoughts, page-1334

Hi Callsign30,
My thoughts on your questions below.

1. Would you consider the maturity of the source rock to be as great as risk as the 'up thief channels' to the east or greater?

• I still believe that source rock maturity beneath Saturn remains the highest risk element for Saturn. i.e. higher than thief channels.

2. Am I correct in saying only the drill will confirm the maturity of the source rock or can the 3D survey shed some light on that?

• The drill will definitely confirm source rock maturity at Saturn. If the 3D seismic shows an AVO (amplitude versus offset) anomaly that conforms to the depth structure contours of Saturn, that will go a long way to increasing the chance of a discovery at Saturn pre-drill.

3. Lastly is it preferable in terms of efficiency and cost that the Saturn Fan is one giant interconnected system or a series or large reservoirs?

• in my view, one giant, interconnected system is preferrable, because that would require less development wells and therefore less investment dollars, to tap and drain the source.

Kind regards OldGeo