General Thoughts, page-2794

The 3D was completed in May, but even the 'fast-tracked' data was not available for interpretation until some months later.

Having said that, within the ann dated 26/10, we were provided some commentary on the presence of a mature Kudu Shale oil source formation and its depth (i.e. some interpretation had been completed and commented on). Since then, we've essentially heard nothing.

I referred to BW Energy recently as a comparison, who completed their 3D around the same time, have interpreted and commenced drilling arrangements. We need to hear some initial results this month.