Ann: Appointment of Chairman, page-18

It wouldn't be astute to package up our best asset and sell for less than what it is worth, that would be a waste. I do understand that Colby thinks the market doesn't recognise the true value of Gurvantes but it's possible the Pilot Well results will alter that perception. It's intriguing that the project already has an offtake in place for the power from the plant that will be fired by the gas but the market remains unconvinced about the resource. The only concept I can be comfortable with is a spin-off to TPD SH into a new entity. It won't be too long until the JV is invigorated by a new partner, Petro or someone similiar. Then SH can participate in the growth that comes albeit with something lower than the current 33% which TPD was never going to be able to maintain. Hopefully SH can just stop bending Colby's ear about getting out of Gurvantes and let it takes it's course.