Ann: Results of Entitlement Offer, page-12

I think it's a good report. Unless I missed it there's no revenue shown for gas sales (which is obvious as they've only just begun) which would spruce up the revenue column. You're probably correct in the profit takers dumping down to minimal profit. IMO it's buy time. By the way I disagree that the gas shortage in eastern Australia is overstated, my observations and research shows a critical shortage and a looming energy catastrophe. Exorbitant prices and desperate govt. intervention back that in.