proposed control transaction, page-20

otway basin is a liquid rich unconventional prospect 14-48tcf
infrastructure is there so any exploration success can
be commericalised
Historic drilling has confirmed its there and thats why Hector ex BPT has been basing his studies on
its all about finding the sweet spot now and drilling

but guess what...shareholders have lost that leverage and
now have to decide if they want to take on COE risk profile as well

BPT get liquidty for investment and
a cashed up COE to meet SNE spend

BPT still keep their interest and have just improved the SNE investment if they accpet the offer