ArizioStated aim for current drilling program was to prove up...

Arizio

Stated aim for current drilling program was to prove up the Mailisu area as a producing field. Last drill results appears to confirm this. Waiting for flow results from this well and the last should give a better indication

Deeper wells, being part of the Santos farm-in, should see confirmation of probable recoverable reserves - 6 million barrels as based on USGS estimate.

Five other areas are yet to be drilled and are prospective for oil.

Gas is another item still to be considered. A minor show has already been made.

Santos are conducting a 3D survey and results are due next quarter I think.