response from jurgen to email i sent

Thank you for your correspondence.



ASX listing rules require us to keep the market fully informed. There are two elements to this.

1) Factual information

2) Interpretation of the facts



We said two things today.

1) The secondary target was unlikely to be prospective at this location – this is an interpretation of the data we have.

2) The primary target has given us encouragement (via elevated gas readings) but inconclusive results (hence limits our interpretation).



Based on this we also said that we were obtaining more comprehensive information in order to determine whether we have hydrocarbons in the well. Based on the results of this next step, we will attempt to recover a gas sample. These steps will take another 48 hours.



Clearly at this stage, we are uncertain due to limited data. When we have an unambiguous result, we will advise the market accordingly.



We are doing the best we can with the limited information we have to keep the market as fully appraised as we can.



Kind regards,



Jürgen