new info pack, page-4

Hi All

Had a good look at OBL latest presentation, without a doubt they done some work.

Concerns.

1, The possible reserves numbers are way to high, recovery factor should be between 10 to 30% and size of closure should also be adjusted for min, mean and max cases, quite poor work.

2, All the work so far been office studies, how about doing a geochemistry survey to see if they can identify any micro seepage over the new bump?

Looks as if they might have a rig slot towards the end of the 2008 drilling season, all depends on availability and success that other operators have in the Canning.

cheers

PC43