csg 2008-09 estimated to a billion dollars , page-6

Toneeh,

Says in the chairman's report, Good news for ROG

This year we have also seen more consolidation, with Eastern Star Gas being acquired by Santos and Bow Energy being acquired by Arrow Energy (Shell).

This is good news for Red Sky. It is evidence that the major companies developing the Gladstone LNG projects are seeking more gas for further expansion.

This also means that gas is scarce for power companies looking to develop new gas fired power stations. Red Sky’s resources are well positioned to supply into the eastern Australia gas market.