you beauty - new gas agreement glng, page-75

"So of course management don't think there's a high likelihood of a crap result. They are no doubt confident they can crack it, especially with the security of this GLNG deal. So good on them for backing their own judgement and telling the Chinese where to go.

I don't think there is a high likelihood of a crap result either. I think there is a high likelihood of a reasonable result, and I think the price that they will get from GLNG will turn a reasonable field into a decent profit for the company."

Exactly PSI. I don't think anyone expects this field to be the next Fairview etc but it is certainly within everyone's expectation that the field will make plenty of money over a 20 year period. Even if production stays exactly where it is, at more than double the current gas price, our profits are transformational. That is more than can be said for most other small cap juniors on the ASX!

So we are back to the start.

We are back to the circular argument of buying stock now BEFORE flow rates announced even THOUGH, there is a general expectation all will be fine.

My risk management calculation puts this as a low risk gamble compared to its peers but if we wait for flow rates, it may be too late (as Jake said earlier) to capitalise on the gains..

Cheers,