An update, page-30

Dont forget all the other possibilities:

1. Sell Bear Head
2. Licence IP to others
3. Govt subsidies
4. Strategic investor or IDG doubles down - they may be confident in a Phase 2 tariff lift - China already talking to US LNG marketers once more atm
5. JV eg similar to Lake Charles LNG with Shell
6. Working capital debt finance facility
7. Small raise to see us thru 2020
8. Accept a lower deal (than Greg’s expectations) that could be on the table for all we know

opinion only