Ann: 291129 SAEMC Growth Pipeline Presentation, page-5

Ahhh yes - I puzzled and puzzled on the Knappa drilling also.

As I understand it AGL calls the shots on any more mining. They have HGO by the proverbials. No mining without a thumbs up from them

Lachlan, I think, is negotiating by bowing, scraping, grovelling and begging. I assume he is also wining and dining and handing out holidays to Bali.

So I took it that this method of negotiations was working when they decided to drill further on Kavanagh and drill on South Hub in the New Year.

Who knows? Are they taking a good or silly risk with more Kavanagh drilling?