Ann: Habanero 3 Well Incident - Update , page-20

because, IMO, a position in GDY requires a view on

1. price of carbon

2. cost of hot rocks technology for GDY in this location

3. ability of GDY to get its product to market from this location, and its market is the Melb-Syd industrial industrial-ubanisation.

This well issue only affects item 2 above, which I suspect most of us have assumed to be low.

IMO, if this is a metallurgical issue at well-head, respecify and move on.

IMO if it is not, then given that GDY needs to drill (i forget the numbers) 30-50 wells of this size per 100 MW then another causation MAY seriously affect the CapEx per MW.

before it gets 2 market.

eek.