Ann: Vali Pipeline Tie-In Agreement Executed, page-8

This agreement was certain to happen and was well anticipated by investors so had no surprise element .

What we have not been told is the financial metrics of the gas handling and transport arrangements .

What our likely net revenue is likely to be after all the production costs are accounted for .

Considering the potentially company making Cervantes is no longer on the prospect list the SP is not tracking too bad .
We were below where we are now around the rights issue credit raise when Cervantes was still on the books .

Moving into production is an awkward period for an explorer but we are nearly there .
We seem at or close to a pre production low to me .
They should be able to get to first revenue without having to raise more equity again .

The way should be clear now for them to get joint marketing approval and a GSA for Odin gas .
It should be bringing in revenue not long after Valli .

CTP had an announcement today that highlighted the high gas prices in the Sydney and Brisbane Short Term Trading Markets .
Maybe some Odin gas can be reserved outside of a GSA and sold into these high priced but volatile markets .