Ann: MIN: Market Update and Teleconference Details, page-9

Just read some of the material on MINs plans.

It just reinforces the value of the Waitsia. They are talking about providing $1.4b worth of gas to their 3 main projects from Waitsia to get on the low side of the cost curve. So if they have to pay say an extra 30% by buying it on the market, rather than produce themselves, then this is worth $400m to them in cost saving. Huge value.

I reckon AWE should be given the opportunity tobring on Waisia for the benefit of the shareholders. A sale price when Waitsia is generating a substantial amout of cash, with a long horizon ahead of it, will yield a much better price IMO.