ob on lng project and reserves upgrade, page-4

DC has answered most of our questions. A number of interesting comments but with regard to the pilots this is encouraging:

"The Bibblewindi West pilot has achieved a new peak in excess of 2.3 million cubic feet of gas per day, and the Bibblewindi multi-lateral pilot close to 1 million cubic feet per day. This is despite a delay in planned upgrades to the shield wells. We are confident that with
sustained pumping at Bibblewindi we will achieve similar if not better production rates than those seen at Bibblewindi West."

He said at the AGM that they already have commercial rates and in fact have a huge capacity for production. Obviously if BW eventually equals or exceeds BW West flows of > 2.3 mmcfd this will be proven.

H