Ann: AWE's Asia Roadshow Presentation, page-4

The market pays for reserves, pays for production , pays for cash flow . Why do you think BPT trades at 1.2 b with similar reserves. The difference is production . A lot of the gas will be recontracted at higher prices and gas production will also increase . If AAL can be farmed down to say 30% that will result in much less capex but still significant production and revenue . What would 4000 bopd at 60 USD bet barrel do for revenue as an example. That would itself add 100m in aud revenue