Ann: Pacific Energy Acquires NovaPower, page-10

No,bad call Joe, Nova going no where. I have written that at times Nova has had extreme profitability. Lets look at what's happened in the last 12months. (I think the sale was rather short sighted rather that the purchase)
1200 plus Megawatts taken of line with Hazelwood closure, base load capability lost in Victoria, will take years to overcome.
Gas prices have increased (why is this good for Nova, for gas peakers to run, which they will often be required to do so, they demand top dollar) The high efficiency reciprocating engines (they are not gas turbines) can take advantage of this.

In the report nova had revenue of 100 K in eleven days, around 3.6 M in a year. Wont get this the whole year BUT in January I know from sources in the industry that if Nova was running, and I believe it was, it made over 150K in less than 2 hours There were other events in January that did not last as long but would also have been extremely profitable. I cant, I still have to work unfortunately but perhaps somebody should ask in the Q and A session tomorrow how much Nova made in January.

Batteries are a con, and will not pay for them selves, great if you want to do it for yourself, which I may on my house because I just like the principle, but not for investors who want a payback. Lastly KPS perform efficiency improvements on the similar mine generators using a modified turbo charger, If this is applied to Nova better still.

If somebody does do the Q and A tomorrow, ask the question please!