1. Their funding position. In particular, their comment regarding balance of 2005 to be funded internally...I had been hearing rumours of a "raising" before the end of the year...LOL...looks like it may have been just wishful thinking from the possible recipients?
2. Cool Energy...did you notice the timetable for the IPO?
3. Cost pool allocation...some $152m has been "reserved" for other uses...this is significant in my opinion.
4. Galoc deep...first mention of this in an official sense that I can remember, which confirms some whispers I heard a long time ago about the concept of a secondary reserve. I suspect the new 3D seismic should have painted a much clearer picture on this issue? I had been hoping they might take advantage of the vertical component of the development/appraisal wells to test this concept...looks to me like this might in fact eventuate.
5. Something not obvious from the report however, are the implications from some of the numbers presented...I am aware of at least one group that has been waiting for these numbers...and found them "more than interesting". I understand, they are currently crunching their own numbers with a view to putting a "strategy" together? Don't expect anything to happen overnight however.
