Ann: Update Origin Energy and Senex Energy PEL 514 Gas Farm-out, page-4

Nice outcome. Very large development expenditure by Senex and Origin, to which PGS does not need to contribute. If the ground is prospective, the $80 million should be enough to get it through to early production. Sure, PGS has only 10%, but when are talking about prospective resources in the TCFs, 10% can end up being worth quite a lot relative to current $10 million market cap.