the "new" pad..., page-3

brief summary of my interpretations;

If ICE2=success, then;
ICE3 =horizontal completion of ICE2 in 2018
ICE4 =vertical into stacked conventional and vertical into HRZ in the FarWest of new tenements in 2018...
total cap raising needed; about 30 to 37mill AUD...

If ICE3=success, then;
Production setup =ICE5, ICE6, ICE7, ICE8 =new pad nearby to Franklins Bluff (or an extension of it) with 4 or 5 horiztonals and gas injector...
cost up to 120mill... possibility (??) to cover majority with Loan/Debt finance if only 2 horizontals are needed to be able to book RESERVES, which are then used as backing for the Loan/Debt...

If ICE4=success, then;
just complete a horizontal through HRZ to prove the range over the broad tenement acreage, and leave the conventional discovery idle for near term...

If production setup =success, then;
copy it a few times along the highway, using Debt Finance if possible, or cash inflow from previous production...

Hartleys in its report has Pilot Testing at 7,500 USD/acre and Production Well Drilling at 10,000 USD/acre... obviously not for entire acreage but for core versus non-core etc...

ICE2 results are the key... Success in ICE2 means the above could then possibly roll-out...