Announcement Soon?, page-10

Nammuldi, very much agree with your comments. No TDO resource is proven, there is some historic seismic but it needs some more and a drilling program. What I miss a bit from your input is the extraordinary gas situation in Australia at the moment. The moratoria, the Gladstone plants, the high gas prices (3 x more than in Asia). You would think this would be a market environment that would spur the gas majors on to double their efforts to find new gas sources (offshore, no moratoria) that could be brought online quickly. So far I haven't detected any of this urgency... Are they too comfortable, sucking up all the gas out of the domestic market, to be bothered with exploration...?