Ann: UPDATE ON INCREASE OF INTEREST IN PL 231, page-16

For what consideration will GAS need to offer Dome to acquire the remaining 20%? I think perhaps a little speculative and ambitions to think this comes for free and hence there will be an auto SP increase of 20%, + premium if full ownership is assumed. Perhaps this is why an independent financial adviser is on-board so market value can be obtained and this will facilitate the price negotiation to gain and then sell 100% ownership (80% GAS, 20% Dome) of the project.

I'm expecting a higher share price because market value will ultimately set the price for what the asset can be sold for, however I think assuming 100% of the project is just a means to an end and would be careful in expecting a 20% freebie in share price appreciation on full project ownership without knowing the details of the JV agreement.

I think management need to provide some clarity hear because there seems to be considerable amount of speculation going on.