Ann: Macquarie Australia Conference - May 2018, page-3

OK so over $8 now . Is it just the lesser country risk as they have diversified into Alaska causing more buying pressure from funds as it now meets the investment mandates as not a single project in PNG? Is it the survivability of PNG assets and new trains coming that is being seen as value. More Oil in mix and rising oil price to get OSH through the flat gas price and 4 year possible oversupply coming? Is it that gas oversupply won't happen and there will be more growth in demand or supply by other won't come online. ,

What do you think is driving this apart from some corporate transactions and reserves being paid up for to guarantee supply by countries . Just trying to work out if it is a longer run asset valuation increase creating a base price or it is going to be a short flurry from broker recommendations ?