Ann: Change of Share Registry Address, page-10

rm2014 I compliment your appraisal of the situation.

I don't have knowledge of the Chiefs of the two nations but its clear there has been on going negotiations. This is where Marcus Gracey is supposed to use his "expertise".
KPECL has been operating in Gas partnerships for some time so I don't envisage IND will have problems once the JOA is signed. They do however have to get it signed!
Your concerns about costs and oil price is best summed up in the last quarterly. It appears this is one of the major discussion points and strategies are being contemplated to provide a way forward.
Other joint opportunities are also being investigated along with my word "singular" opportunities.
I do not concur the plan is in "tatters" given the low capital costs expected however its clear the low oil price has resulted in a review of strategy going forward.
My major concern is capital as there is no notes from the company what there plan is around this.
At the moment all appears somewhat healthy but capital will need to be found and it won't be coming from shareholders for a while unless there is a dramatic change. Maybe Milewski comes in here with all his banker mates.
I hope for everyones sakes Milewski and Co can get the ball rolling asap and ease the the tension we have all had for some time.