upside in esg/oip leases, page-7

oly

I think some of the Surat coals are thinnish and some are stacked thin coals .. but others are 10m, 15m or more. Its more that the Coreena and Walloon Coals are a smilar age and type (hence same productivity is likley and structure).

The fact that ESG has very successfully done lateral drilling in 3-5m coals at Bibbelwindi West in the adjacent PEL 238 is encouraging for these OIP/ESG leases in terms of development economics.

H