what's next, page-70

Andy,

I tried to think of something witty to say about the pipe but failed unfortunately.

As I said earlier they are doing the hard grind to meet all the requirements to get the permits.
The seismic for EP413 and to get the paperwork through for the Spar to be converted to a EP.
Ran into some hurdles with the Federal Environment people and had to redo work already done.
Red/Green Tape swallowing all the time at the moment.

They are still on track.
I did hear from some of my other sources that there was a meeting in South Australia of Alternative companies together with the traditional producers and the bigger boys were lamenting that they were frustrated with the market not recognising the value of the shale gas and Oil Reserves that they were testing. Their conclusion was that an enormous amount of education was going to be necessary to get the Share advisors to understand what this is about.
So it is not only small fish who are suffering although small fish are battling the hardest.
It was interesting to hear this morning that the US economy is set to grow at 3% or so next financial year and that the energy sector was a major driver of the recovery together with housing over there.
With the LNG transport being developed big time over there, they will develop the technology we will need to fully exploit the gas we have found.

Will be good for us, but it will take time.