News Alert, page-121

Here's my punt;

- The DST's may not have started yet. They may be running a tighter hole till then (that is, less comms until only required anns).
- The well may be close to TD or at TD, with cores in Marti taken.
- Any DST result from Marti and Alameda is material to the company and results will need to be released.
- Taking into account Alameda-1, it was 5 and a half weeks from Section TD in Alameda reservior, to log it and reach well TD at circa 3900 meters.
- For the above reasons I agree with TC's view the DST's may not have started yet

- I am punting on an update by next Wednesday.
- At least some of the executive team is in Australia next week as there is a PESA talk next thurs. I cannot imagine half the share register cramming into the room for an update.
- The update may entail field development plans for Unit 1B, expediting production, sorting out logistics and receiving maiden cashflows.
- Unit 1B is a more affordable pathway to development for a nimble co like MAY. Development of the lower sheets will entail larger CAPEX. Unit 1B production will create a pathway to reserves and better financing.
- For the above reasons I agree with Feral the photos were probably for Unit 1B development plans