Yes DB - Condensate is a nice value add but the most value add...

Yes DB - Condensate is a nice value add but the most value add will be contracting gas at high prices. I think the lower risk associated with onshore gas is something that should not be underestimated. Much lower risk, lower transportation costs , easier to grow reserves incrementally etc etc. what is also clear is the Watsia area is a prolific gas area with very large gas fields surrounding the watsia discovery so AWE ability to add gas reserves is very good .

Also important to note is that a company like BPT would be looking at AWE on a much longer timeframe than us shareholders. That would look at find and development costs across their own acreage. 3.20 per 2 p reserve boe and a very large 2c resource is a joke. They will take a view on oil over 5-10 years as well as gas. They would look at value of acreage. Same thing happened with BPT taking over DLS .