Ann: New Gas Sale Agreements, page-10

I think the problem is that given market cap/free floats/liquidity of these business, they are too small for people to care, so its in the small punter camp who probably need it spelled out a little more simply. HZN - doesn't really move the needle for.

The company is now locked in with a relatively risk-free fixed price (wiht inflators) contract with the NT Government that barring any drilling/production mishaps should be a very reliable earnings stream that should be attractive to investors. Just need a clear capital allocation policy from the company and clarity on the earnings profile.

We've got tax losses for days, so great cashflow generation to come. No franking credits, so chunky buyback seems the best way to return capital. Could even do an off-market offer to see if any of the consortium sellers want a way out of the room.

Hopefully we don't spank the money on high risk exploration