i hope shell get outbid, page-35

Buddy,

Shell and Petrochina will be under some sort of noncompete for this deal.

However I guess having sold 30% of our holdings to Shell, selling 30 of the remaining 70 to Petrochina might have been an interesting option.

We would have our small LNG facility (well funded), the power stations, and AOEI. Shell and Petrochina would each have 50% in the Curtis Island facility and 30% of the gas.

We would retain 40% of the gas production and gathering, and remain operator of the gas fields.

Not to be though is it? Maybe too complex anyway, and our predators too greedy/needy.

EL