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Ann: Chairman's letter with SPP and NOM, page-2

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    On closing, I wish to apologise for the timing of this SPP so close to the Christmas holiday period.
    Unfortunately, because we are not the operator, we do not control the project development and
    financing timeframes and as a result we have had very little flexibility with regard to the timing of our
    capital raising efforts.


    We are being squeezed and squeezed for a reason. Both on FID and timing. AIMO

    GLTAH

    ER

 
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