Ann: Investor Roadshow Presentation, page-91

I think we are looking this as retail investors whereas stokes may have a LT view , 10 years plus. The cost to take a strategic position may be expensive when we look at it today , but if he succeeds and acquiring both complainies and they do become the swing producer in gas , we may look back and see the move as genius . At this stage we are all speculating. What I do know is whether we have or don't have corporate activity, DLS is only going to stay here is oil stays this low for a couple of years. Either way I am looking for 40-50% from my DLS inv which has an average entry of 50.2c . That's a 70-75c SP which I believe is not to onerous over the medium term