Ann: CBI Clough JV PNG LNG Gas Plant Contract App, page-5

re: Ann: CBI Clough JV PNG LNG Gas Plant Cont... I am aware it is a joint venture.....and $350 mil is a nice slice of work, and perhaps more to come.

This is what Euroz think about CLO at the moment:

"After missing out on some possible contracts in October (which weighed on the stock), Clough enters a period of significant news flow in our view, particularly on the Exxon PNG LNG project. It is not inconceivable that Clough can secure $900m of work associated with this project, on various endeavours including significant infrastructure requirements and the highlands gas plant. Putting the vessels to work will be a key focus in the second half, and opportunities on this front remain, albeit in a soft market generally. This will improve in 2011 as project plans which are currently in play transform to physical activity. In the meantime, the first half should be solid and Clough is well placed for solid growth in 2011 and 2012. We maintain our buy recommendation."