after the vote, page-38

Buddy, just because AGL needs are satisfied by QGC, AGL will be at the vagries of being a distributor rather than vertical intregated. AGL is then subject to contractual supply and limitations imposed. Again, strategically, if I was on the board of AGL I would be pushing to have 100% owned reserves rather than dependent on suppliers. Only a month or so ago, STO had a supply problem which caused gas to be cut off to non-essential customers. If AGL wants to aviod this and hedge its bets on future price rises then it needs to got on the acquisition trail.