another problem, page-25

Chilliam, "EFS represents 50% of the coy's potential". I doubt that very much. The Cooper is far far larger potential than the EFS in my view. And the company itself states that the EFS is a large project whilst the Cooper is a "world class" project. David Wrench's previous expertise has mostly been in CSG and other gas related projects I believe so you would think he has a good handle on the potential of the project. And you would also think that orica understand the potential - why would they bother otherwise. As to the Porsche in the driveway bystander - I think you will find that this is mark carnegies office for his private equity firm. He is a high net worth individual in his own right so probably owns a few porsches ! The fact that stx have moved their address there is a good thing as it cuts some fixed overheads. They are not negative things to me. Execution of the drill is an issue - yes. The other things in my mind are not. IMO