Ann: Euroz Rottnest Institutional Conference, page-20

Bigdaddy, My thinking is the same as yours. They have already contracted out more than 50% of reserves and 60% of production capacity.

What I find more interesting is dot point 3. For those that may remember AGI Operations applied for permission to construct a gas processing plant and pipeline in August 2021 and Strike applied for permission for a WE field development plan in September 2021. It is abundantly apparent that the wheels of the WA Environmental Protection Agency (EPA) turn very slowly to the extent that I thought that Strike had given up and were looking to pipe WE gas to their precinct and were going to process it there using their own 40tj processing plant.

Dot point three seems to imply that the have given up on this alternative plan and are going back to the original one. Why? One can only
speculate. It may be that Gina wasn't happy with her gas being processed by Strike and was unwilling to share in the cost of a gas processing plant on the precinct. Alternative explanations could be that Strike has decided that its funds are better directed to exploration rather than building gas plants.

Relevant to dot point 3 the EPA has reached the final stage of awaiting ministerial approval and relevant to dot point 5 the proposed AGI plant was for 87TJ/day








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