summed it up perfectly Jake !!!$250 mill is a good start for a...

summed it up perfectly Jake !!!

$250 mill is a good start for a takeover.

From memory Eastern Star Gas t/o was at 80 cents/gj 2p and 50c/gj 3p

Still if the Meridian Field GSA is for 400-500 pj over 20 years at $8 a gj that is 3.2 billion to 4 billion dollars.

That is a MATERIAL GSA

WCL get 51% of that.

So why would a credible gsa customer buy gas from us for the above figures when they can take us over for 250 million plus and stump up their own funds for field development ?????

Be nice to have a result before the end of March !!!