From the last presentation, media releases and the company info...

From the last presentation, media releases and the company info to our helpful forum members it seems a crude timeline can be assumed.

First up T-1 is a work and progress and hopefully provides commercial flow results, production and some conversion of resources to reserves (all going well). No one can be sure of the timing of this but lets say within the next three months.

Secondly SB buys some shares assuming the Board approves his request. This could occur in part as early as today onwards.

Thirdly a development timeframe is released by RLE for the drilling of T-2 and T-3. Hopefully this occurs soonish, at least before Christmas.

Fourth will be the drilling of T-2/T-3 in the first half of 2018. Lets say late March/early April being conservative.

Fifth will be the dewatering of T-2/T-3, say another three months. Hopefully the redesigned wells will be much quicker and less problematic than T-1.

Sixth, all going well will be commercial flows from T-2/T-3.

Seventh the new independent assessment of reserves attributable to the new wells. Maybe July/August.

In amongst this, particularly if T-1 is deemed a commercial success, will be more MOU scenarios.

Significant trigger points would be T-1 being commercial which could happen in the next quarter, commercial flow rates from T-2/T-3 and the ultimate trigger being the reserves assessment.