There is no doubt that the progress report was misinterpreted by many when it first came out. I in fact was so disappointed with the lack of any obvious positive detail within that I sent an email to the company secretary outlining my concerns.
He was good enough to reply to me and explain that "Additional work is being completed to obtain a better picture of the quality, composition and size of the intersections."
He also mentioned that Julia Lee had no contact with Karoon so unless she had information that the parties to the Browse JV did not she was an unreliable source.
(I used an aglebraic approach to this statement)
Feeling a lot more positive.
Cheers
P.
sainty prevails, page-12
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