Sunshot Energy.., page-5

Hi Pakkham -

The Jemena project is a ~600km pipeline whereas this Sunshot project is only ~70km away.

GLL need to prove up and market a heck of a lot more gas to support the Jemena pipeline than they would to supply this Sunshot project.

For GLL, it would be a lot quicker and cheaper to get the Sunshot project going than the Jemena project.

It is hard to know if GLL are creating an option for themselves or if they are starting to doubt whether they will ever achieve the reserves required to get the Jemena pipeline built. There's probably an element of both in their thinking.