Ann: Company Presentation , page-3

Jake

I don't hold any LNG but keeping a watch on it. It looks like they have potential to go to 4 trains at Fisherman's Landing and possibly more.

If their comparative plant efficiencies and low capital cost per mtpa capacity are achieved at Fisherman's Landing the company has a great potential long-term.

I guess HQCEC and CNPC will need to kick in huge amounts of capital and debt funding for LNG to execute their plans.

Fair way to go yet - secure gas supply, project funding, FID, build FLLNG within budget and prove OSMR works efficiently.

It would be great to see LNG achieve its objectives.