Ann: Investor Roadshow Presentation, page-104

In terms of the banks I meant following the peer group companies, not that they are under stress (yet!). Poorly worded on my part.

Yeah I wonder if the comments about opportunities outside the Cooper Basin will amount to anything. I think that was probably before the carve up of the Cooper looked likely. At this stage I think the sale of the Moomba plant and infrastructure is the likely outcome. Origin did mention toll treating in its announcement. I'm not sure who would be the buyer of Moomba but some of the pipeline companies have been progressively moving further toward midstream. APA might face competition problems. A few private equity players could be interested.

Whether some of the fields change hands is probably a separate discussion. Origin would probably like to keep some strategic interests in the Cooper. They have the JV with Senex as well over tight gas so I'm not sure where that's going to end up.

In any case I think what gets announced in the next few months may shape the industry for the next 5-10 years.

Hopefully the Drillsearch CEO has a plan and my services aren't required!