Ann: Quarterly Activities and Cashflow Report, page-13

Thanks aabbaadd. That insight is in the annual report I think. Is also why CTP has not signed a GSA.

Jemina agreed terms with government without obliging CTP to contract volumes and price. Cottee was quite content to let them carry all the risk. I recall he observed that a GSA could be struck between Mt Isa customer IPL and Jemina if one was required, avoiding triggering bonus payments to MQB.

I wish everyone had a bit more confidence in Cottee and the BoD. They have played a weak hand well, aside from the SOA debacle. They tried to raise funds everywhere without a result. That must have been devastating - hence their quick acceptance of the SOA.

The NGP wont plug the east coast gas shortage, but it will help and gain considerable attention as first gas down the pipe approaches. Are you prepared to wait a year?

I hold IPL too.

Ash