Ann: Operational, Production and Corporate Update, page-23

It's all about performance now, it is a different ball game being in Production. Demand and Sales versus Costs !

If Armour achieve and deliver to their targets, keeping costs reasonable to show a profit, we will see a modest rise above 10c at some stage this year.

East Coast gas exports are at record levels, so it makes me feel good that Armour has taken the path to Production that they took. Mind you, I can't wait to monetise our FNQ tenements ASAP. The time to get going is now, or very soon IMO.

I have been reading an article in The Australian titled 'Our LNG Exports Soar' some interesting commentary, I will do a separate post on this shortly, acknowledging the source.

GLTH