Ann: GRANT OF ATP 2031, page-10

Thanks OGP
You understand this company and industry much better than me and I have lots of time for your input.

re the SOA totally agree and MAC obviously thought they could easily double their money at 20c with plenty of Southern A upside with Santos. At least RC and board negotiated CVN for a slice of that upside too. Anyway the whole thing is looking better now than at time of SOA.

Do you have any idea what would be involved in upgrading the mereenie spur? Wouldn’t it be in APA groups interest to make this investment as RC alluded? Any idea of lead time? Also, you highlighted APAs Amadeus pipe is capacity constrained too.

As for PV drilling underway, What are your thoughts on this?

It must be 500m down so in now so in another 10-15 days I’m guessing they will be at 1500m and starting to go horizontal in the gas zone.

I wouldn’t be surprised if Mac try again with a 30-40c offer soon but just a wild guess