1. Childers Cove 1 Quicklook Petrophysics

2. Depth corrected Uncorrected Waarre Deeper Sand Nomenclature used in this document

3. Neutron-Density cross-plot suggests water bearing Waarre sandstone with 10 – 15% porosity range. No gas effect Unlikely to be any oil as no fluorescence described on the mud log

4. Neutron-Density cross-plot suggests water bearing deeper sandstone with 10 – 17% porosity range. No gas effect Unlikely to be any oil as no fluorescence described on the mud log

5. Pickett plot for the Waarre sandstone indicates water with resistivity of approx 0.1 ohm.m at 96 deg C (0.253 ohm.m at 25 deg C – 23,250 ppm NaCl equiv)

6. Childers Cove 1 Using the water saturation from the Waarre sandstone, the lower sandstone is calculated to have a gas saturation up to approx 50% Using net sand / net pay cut-offs of –Vsh 8%, Water saturation < 60% Interval 2580 – 2622 mRT –Net sand 14.7 metres, Porosity 11.3% –Net Pay 11.7 metres, Porosity 11.7%, Sw 50%

7. Interpretation not correctly calibrated Lack of mud gas suggests Sg optimistic in this interval