operational advisory 5/3, page-42

As always, brutally honest announcement from TB. For those that understand his announcement style there should not be much concern here I think.

70 bopd at Aus 2. I'm no O&G expert but my understanding on the more important factor governing this flow rate atm is the frac plug & perforating tools that are probably creating a partial blockage in the well bore, rather than the fact only 7 of the frac plugs have been drilled out.

Looks like 300 bopd IP may now be realistic for Defender? Good news

Gretel frac starts in 2 weeks, results by end March.

End of March will be a very different picture to what we have today imo.

Cheers, Sharks.