early mid/feb

5 business day until a qtrly report is due Mr Jury

I suspect it will have details re: noble debenture but not much else

Early to mid-feb for Project Finance ANN i say. it really shouldnt take longer than late-feb to get this approved. the banks have been looking at this one for years!!

Some numbers to think about

Current mkt cap $90 million

debt package $400 million

equity req. $250-300 million

Capex to be spent over next 24-36 mths = $660m!!

unrisked NPV of company incl. stage 2 production = VERY LARGE even at $100/tn export prices and breakeven domestic offtake

Dont get me wrong still a long way from +ve CF but sheesh PJ & Co. are thinking big on this one!!