Ann: Revised Terms on Corporate Transaction with ERM Power, page-84

Gav, you are probably right when you say "All this tech talk in these blogs means stuff all at the end of the day. People are impulsive as we wittnessed back then. I'm confident it will happen again." but the board we have put in place are 1st class and are there to take the business to the NEXT level

They (the board) need to get on with the job rather than focus on ERM short term strategy, Instead of giving them their get out of jail free card they need to get them to recommit to the partnership they originally signed up for. Only then can EGO as you say "We need to secure the Perth Basin permits and the gas plant to attract a quality JV partner"

Or we go the other way and flog the gas plant and once again become a wild cat explorer. We could slash the board as we will just be drilling holes (that would make me happy), but the real problem with the "drill it and they will come" mentality is that we have already proven and this is important...... [background suspense music]........

The problem is the market now knows that EVEN IF WE DRILL IT, AND FIND IT!!! sadly ...... [anticlimax music for effect].... We don't know how to deal with it if its there.

I like to call it the Nutshell Paradigm

Viney