re: mou with china sino gas, page-6

re: mou with china sino gas Sham - my point was that it is currently difficult in this market to lock in end customers for prospective LNG supply from Oz.

I am well across the story and fully aware that Icon has a significant amount of work ahead of them in joining up the dots Upstream. However, I like Ray's thinking outside of the box and am always on the look out for company's willing to back themselves and do things in a non-traditional manner to get a jump on their competitors. You only have to look across at LNC and see the astute way they sold coal tenements that they had personally spent minimal amounts on (annual permit admin expenses to the DME) to the Indians for massive profit. Now that's how to do business!