Ann: Corporate Presentation, page-52

Cosmo,

I think Woodside is sniffing at quadrant also, their equity would be important as they would want 75% in line with Scarborough. Woodside would want to diminish the complexity of different parties to feed the NWS, this makes both us and quadrant in play.

I would personally want us to maintain an interest in the broader area or for further payments based on exploration success. We did the ground work to get to this point, there is value in our modelling so there is potential for consulting work later and being invited to other projects.

I did want to be there, but got stuck on a messy job.