Ann: Shareholder Presentation, page-24

Siv,

One thing i did forget to ask about was the impending liquidity issue which I foresee and you have just mentioned, although, during the presentation he did say liquidity isn't or won't be an issue, I am unsure what he meant by that. I think the big boys are holding knowing that a US listing is impending. This would solve that issue. In saying that, a road show next month in North America could lead to an already tight register squeeze...

I think with the 2MTPA trains, further projects will fall out. He indicated that they get approaches all the time and had one today in fact. This is more inline with the technology licensing, although i wouldn't be surprised if some of these would be project based as well. They know the value is in being the developer and middle man.. I'd be happy to see them focus on the two main current projects, bed in the management and get a us listing away over the next years, f they do that, valuations will be much higher than than today.... MB knows all too well that they need to get Magnolia up, once they do this and have free cash flow, they are set and can focus on landing projects...

All good stuff and for me, the next big milestone is the FERC schedule release. Once we have that, the ball will roll fast...