Ann: Changes to Non-Executive Directors, page-50

WDS would be a MUCH better operator than STO IMHO. Stranger things have happened because as each day passes I think the strategic value of the gas takes on greater significance. The Dorado story has been mainly about the light sweet crude, which is important, but given the machinations of the gas markets around the world over the past few years the gas may yet prove to be of greater significance than we have previously thought. WDS has an LNG plant and pipeline infrastructure relatively close which could use the backfill and which would be a cheaper destination, infrastructure wise. STO has domgas plants much further south at Varanus Island, Devils Creek and Macedon and perhaps less motivation to develop the gas. I know its been a painful wait but time may be our friend ultimately.