Ann: Investor Presentation, page-4

"Nothing new here in the latest investor presentation. What is noticeable is the emphasis on the 400km pipeline, it pops up throughout the presentation."

Paddie,

True enough. But I like it. The guts of it is simple enough; that the Bowen Basin can open up access to all the gas the country needs for years. The govt.(s) need to get behind it and pull their bloody fingers out instead of crapping on!!

It's not seriously conceivable one will never be built and my understanding is it'd only take 15 to 18 months to get done once they get onto it. In any event, even if it's twice that time, BUL's gas will get bought, pulled out and used - by someone. (400kms away???) So the carrot and the gas are still there. No doubt talks must be ongoing.

The presentation focuses on a simple solution to a big problem with BUL and neighbours ready to supply the goods....And their gas is worth a lot more than current market cap. as we all know.

Kip