So as I understand it this is the OSH story. - 3.0 bln funding...

So as I understand it this is the OSH story.

- 3.0 bln funding for PNG LNG will be funded by debt which will spike gearing to about 3x
- 1.5 bln funding for Alaska will be funded from liquid assets currently at $2 bln
- By 2023 OSH is forecasting free cash flow $2-3 bln p.a (mixture of increase production and increase in spot prices)
- By 2026 there is an uplift in free cashflow as debt for PNG LNG will be fully repaid.

Good luck to them their track record is outstanding IMO.But with that sort of free cash flow forecast by 2023 there is no doubt an acquisition type play is in the offing to expand the company even more.