Ann: Half Yearly Report and Accounts, page-104

I have re-read the recent quarterly a few times, and there is a fiar bit going on in the coming months. I suggest others have a re-read of it too.

While the initial FEED studies have been completed, the final FEED study for the Demo Plant is expected to be finished by the end of this quarter. It would appear they are working with biogas suppliers, and also hydrogen end users, and this should be revealed around the same time potentially.

I think there are a lot of working parts to the Demo Plant FEED study, in terms of other organisations that will be involved, so there would be a lot of negotiations with various parties on an ongoing basis.

It would be therefore very difficult for Hazer to have released any potential partners, or any details of the FEED study until the final report as per partners specifications were completed.

I think the Demo plant announcement is going to be a turning point for Hazer. It is not entirely clear when this will occur, but probably not too long after the FEED study is completed, so maybe early second quarter.