take over chances just increased substantially, page-36

I was always in favour of the NZ assets sale a) to fund Aussie gas exploration and b) not require any CR. The current board keep on with line they on the lookout for other projects but I cannot agree with this approach. We have the funds to further current projects, so unless they are no good let's concentrate on them. Those who have been in this stock long enough will call we had a rights issue some years back at 24c so those new entrants calling for a capital return (bought in cheaply and happy to get a profit on their investment at the expense of long term holders) want to think about their fellow shareholders.