Ann: Quarterly Activities Report & Appendix 5B, page-17

Justin,

On page 5 of the publication titled "CTP: Developing Northern Australia", states:

"Production Capacity (Gross JV):
* All fields ~ 45 TJ/day
* All facilities ~ 65 TJ/day"'

What does this mean?

Psi kindly provided the answer being:

"It means the facilities (gas processing plants etc) are capable of processing 65 TJ/d but the fields themselves are currently only capable of producing 45 TJ/d."

We don't need additional gas processing plants. We hand the facilities capable of processing 65 TJ/d. All we need is the ability to supply an extra 15 TJ/day.

So it looks like you might be "... in excess of $100 million ..." off in your previous valuations. Happily its in your favour.

Cheers

Stoops