Thanks for that information Trevsue, glad to hear things are...

Thanks for that information Trevsue, glad to hear things are upbeat in the Perth office.

Whilst the setpoint has been sliding, it is important to note that there has been very little volume. If we do get some announcements things could turn around very quickly. I really thought there would have been more interest in AAX after the new years break was over.

There is no question WorleyParson's profit downgrade has hit the sector (AAX most of all from what I can see). WOR's profit downgrade was due to a slowdown in the energy sector in the US. I believe WOR have a lot more exposure to the US market than AAX and a lot of AAX's growth will come from emerging markets in South America, Africa and Asia.

From the announcement in November: "Large-scale EPCM projects that we anticipated would be awarded in the fourth quarter of 2009 are now more likely to be awarded early in 2010."

Good luck to all holders.