most likely suitors for sgl, page-4

Hi Angers,

I have review the SGL AGM Presentation lodged today. I am still concerned that they have made no mention of the additional $51 million from proving up an additional 500PJ at Camden. They mention projects at Bulga which doesn't qualify.

The $51 million is easy money, as it is essential getting paid to do something they will eventually end up doing sometime anyway. It will take a long time for Camden, Bulga or any other project to generate an accumaltive EBITDA equal to this $51 million. I get the impresion it is not a priority for management.

Did you go to the AGM? If yes, did you or anyone else ask any questions about them achieving this target?

Regards

SP