trading halt, page-6

Brett,

I"d say the higher than budgeted poo may compensate for any SPP failure, over say 6 months from the original announcement. Doubt if they counted on getting all anyway, hence for them to need more cash they would have to have been sailing very close to the wind - unlikely imo.

Six months at 500 kbo pa, at say an extra A$20/bbl -A$5mm pa extra revenue, say $3 to $3.5 mm pa extra NPAT.

Let's at least leave any more tin rattling until after the Selmo USR wells are flowing and the gas has been flow tested, and reserves defined.

EL