Ann: Central Awarded Preferred Tenderer for Queensland Permit, page-49

Many thanks OGP.

A whole range of sensitivities and variables before us. Holders will arrive at wildly disparate NPV's as the year unfolds - in addition to anticipated drill-in-the-ground mood swings. It will be volatile.

I like the North of Miles block awarded to CTP and IPL in Qld. Legendary deal-maker RC may well put this JV into another bigger JV with adjoining Surat leaseholders to spread the risk and widen the opportunity (I speculate). It gets CTP out of solely focusing on NT too.

RC also has the Amadeus and Georgiana permits to excite a major's chequebook with.

Ash