Thought I would do some more calcs now we are closer to the...

Thought I would do some more calcs now we are closer to the upgrade at Growler and know the current oil price.

Current 920 bopd @ $80aud @40% share is $10.75mpa

Expected Minimum 1200 bopd @ 80aud @40% share is $14.01mpa

Mid Range 1500 bopd @ $80aud @40% share is $17.52mpa

High Range 1800 bopd @ $80aud @40% share is $21.024mpa

At this current oil price the numbers are fantastic. Should be enough to develop many wells at a cost for us at about $800k per well in the fairway with a few still to come on line.

I wonder what the consideration has been for a pipeline in the future especially if these channel sands are everywhere and can be exploited.