Ann: Investor Conference Call and Presentation, page-10

Yes. It definitely FID to proceed for the EPC contract to kick start on the magnolia project, I think we got all the approval to start the project. Lot of people may think its crazy to start the project now without a comprehensive BTA. Well here is my simple vision. We all know our Fed are worrying gas shortage in Australia for the next few coming years and they are putting pressure on private operators to divert their overseas market to local market first. Once this scenario becomes reality it would left Asia gas market with a huge vacuum.
Magnolia LNG is the only one of its kind so far in North America that have almost a complete set of requirements for the project to start according to FERC and sustainable enough for Asia gas market.