perspective, page-9

Cheers Bob.

Chevron is doing pretty good last time I checked. :-)

In Australia, we are a country of very lucky speculators which happen to have all the cards (resources), so we win more often. If we had the attitude the Norweigan's or the Japanese have, we'd have 0.1% unemploymnet, our GDP would double, and we would be the powerhouse of the Asia Pacific.

In Australia, we have the following % of world resources:
Brown Coal 25%
Uranium 27%
Nickel 38%
Lead 33%
Bauxite 23%
Copper 10%
Gold 14%
Manganese 12%
Iron Ore 10%
Black Coal 6%

You get the point. And we have 0.3% of the worlds population.

We spend $100m to get to a JORC resource, sell it for $300m and think we are Einstein, when the Intl buyer will generation $200m of free cashflows from their Australian acquisitio for 30+ yrs.

Back to LNG. If Artemis is a strike, it will make KAR's Poseidon look like a rockpool. 12 Tcf of gas near infrastructure is globally significant, and hopefully our farminee is keen to rock a few boats!