news re gas commercialisation, page-12

Thanks for your research Kalmsg, you must put a lot of time into it and it's great that HC is a resource with posters of your DD. thanks.

re: material v immaterial, for my amateur opinion based on ignorance and limited info, the wording of AEX's blurb, sounds like from a legal point of view that a heads of term agreement between AEX and crew and Tz gasee's have been signed off on or final draft agreed upon in principle. The HoT should contain price and volume info. or at least how the $ and mmCF will be measured once supply is being received. The HoT is to ensure that both parties are on the same page, before more work is undertaken.

Following the HoT, a final supply agreement with be drafted which will build on the main points in the HoT, and fill in the legal detail and a whole lot of possible future scenario's and how they will be handled. I'm sure this isn't new to AEX and co. so template agreements will be available, but depends on how harda$$ Tz Gasee's want to be but they will need this gas in the near future, which could reduce their bargaining position and stuborness.

The signing of a HoT is material and should be released. Management, may be waiting for the actual signature before disclosure, and AEX may like to sell the story a bit more. Look at the fanfare over RIO/BHP HoT early December.

Now we need some UK details.

2010 maybe a good year(?)

choice