market is starting to wake up, page-8

Neollyn

Could be STO were referring to Beach and the 150 pj deal for Cooper gas which has been previously flagged.

But you never know, STO's pipeline will run right past Moura.

SF

I reckon it is a good move buying a few MPO. If Mungi sells for $80 to $100 million, then MPO will be very close to 100% cash backing and could attract a very quick t/o of their own. The way that one's sp is being managed makes me highly suspicious.

The other one to consider is LNG...if they do succeed here then I think it will double very quickly, however I haven't bought any as there is a real chance they could be stymied once again with a counter bid from BG and any run could be short lived if it even looks like their supply deal might fail.

All idle conjecture, lets hope WCL can keep building toward 65c while we wait for something concrete to happen.

Chrs