NSA is consistently returning 300bopd. Its going to be 12-18mths...

NSA is consistently returning 300bopd. Its going to be 12-18mths before we see similar results from nearby fields using same EOR techniques. In 9mths we will be seeing ~600bopd, which is 12M NPAT straight to the bottom line.

PV progressed, but cash conservation is the theme running through the business. Hence drilling will not commence until Q1CY14. Same deal for Glau, but the magnetic data still isnt in which need to be married with seismic for well location. Glau well will come first before PV.

This is a summary.