Lets put this right and stop the nonsense.Worst case around...

Lets put this right and stop the nonsense.

Worst case around 1.8Tcf divided by 4 will be 60cents to Nen. This means every 0.45Tcf is worth around 0.60 cents or there abouts. So 1.8Tcf to Nen will be somewhere near $2.40. To get to $2.40 there will have to be 7.2tcf net declared.

Have a look at the 3D around the may 20 report. you will note 5 zones with zone 4&5 being significant. You will also note the areal diagram, this is huge by any measurement, has to be 5 times larger than DF13-2.

NSAI made their findings on zone 1&2, you will note zones 1&2 are quite small when compared to zones 3,4&5.

It is clear that the market will not react until we have profuction testing results and KC declares a "discovery" and P1 estimates, I suspect they will be internal as the external agencies do take some time.

If anyone is not comfortable with this and a risk that is very very low, sell tomorrow or on Monday as I expect we will have an announcement next week. I may be wrong on the announcement but the numbers are close.