proactive investor presentation - report, page-52

danestock

Just a few key factors that prevent comparing KAR to GDN.

KAR - 171 mill share
GDN - 396 mill share

KAR have industry strategic partners and shareholders.
GDN have none atm.

KAR - have considerable more costs however considerable more gas to sell.
GDN - at least can connect direct to a pipeline if we have commercial gas.

I note what was interesting with KAR is they are stating some very impressive numbers with their gas finds and future developments and company growth, plus they have sales agreements in place.

In one of KARs report it is stated in late 2008 (oct nov i think) the chinese entered into an agreement to buy Algerina LNG Cargo for a record price = US$20.43 BILLION per TCF.

KAR have also indicated that International Gas Price for long term contracts equates to approx $8-10 BILLION per TCF as well mentioning that International spot prices are usually a lot higher.

KAR - May presentation.

All food for thought, while we wait.