Ann: Half Yearly Report Ended 31 December 2009 , page-12

re: Ann: Half Yearly Report Ended 31 December... From mosaic. They have 28.57 % interest and may have likely sold too????

The Kimu structure holds an estimated resource of over 500 billion cubic feet (BCF) of recoverable gas. The Kimu-1 well has the potential to flow at rates in excess of 100 million cubic feet of gas per day.

In early 2003 the PRL 08 Retention Licence was awarded to the Joint Venture for a 5-year period and the Joint Venture is now examining marketing alternatives. Recent developments in commercialising PNGs significant gas reserves has seen the Kimu gas field attracting renewed interest from both the PRL 08 Joint Venture and potential LNG customers. In this context, the permit is well situated (approximately 100 km from) the proposed sites of a planned LNG Facility.

The Kimu retention licence is the only asset that Mosaic owns in PNG.

...This is not in close proximity to the pipeline and may be last cab off the rank.