sydney investor briefing, page-2

Went along to the pier last night. Not much to report but a few points:

1) Dropping plans to use Kalina cycle:
-believe an experimental plant along with an experimental HFR is too many unknowns to secure cheap debt finance
-believe the capex doesnt justify the expected improved efficiency at these temperature levels

They werent so much sorry about this given their association with exclusive rights purchased etc just saying they now know more about how its expected to perform at various temps and feedback they've had from lenders.

2) Progress depends upon circ test:
-we already know this really but they really drove this message home, they have no plans to expand drilling or buy/lease more rigs or attempt to raise any debt until complete.

3)There were some dumb questions asked
-This led to me not being able to ask my question which was
"given epected carbon pricing, what sort of revenue is expected/MW once the 50MW plant is operational?" If anyone knows, that would be grat.