Cash Strapped, page-3

Agree ces on one hand PNG (Kumul) demand a big chunk of the PNG LNG project expansion and then they say they can't afford to stump up for their share of the costs. This is the handiwork of Pox again. But a dispute with the JV partners isn't a bad thing for our modest WLNG project. It might just give Pox a wakeup call. Pox acts as if disputation can only have a positive outcome but it would be a disaster for PNG if the JV partners walked away from the expansion or if it was delayed. Similarly, the consequences of the WLNG not going ahead or being delayed are also negative for the people of the Western Province and the economy. The last thing PNG need is an impression of sovereign risk. Sanity will prevail and the WLN has never been factored into the SP. In the meantime, the engine room of HZN is delivering big time with the POO bull market starting again.