Ann: Japanese Consortium Update on Progress on KNP Goongarrie Hub, page-57

The heart of their discussion lies in their risk tolerance, a measure that persists regardless of how long the partners or we converse. It may be the fate of the joint venture teeters on a knife-edge, depending on the extent to which shareholders are willing to embrace risk.

For example should the possibility of perpetual motion rear its head and gain commercial viability, albeit skeptically, the entire foundation of any energy business case could collapse.

As ARL shareholders, the pivotal question is: how much risk are you willing to bear? Opting for risk aversion prompts the partners to inject the necessary $3 billion, potentially driving the market cap to $3,078,000,000. Yet, individual share value could remain stagnant at 40 cents, offering no substantial returns.

Choosing a middle ground in risk tolerance leads down an uncertain path. Temporarily reducing the market cap to $1.5 billion, it holds the promise of future earnings fueled by potentially higher commodity prices. However, these dividends might not materialize promptly, possibly evolving into a legacy for future generations rather than an immediate windfall.

DYOR

Invest in life! Have a good time and smile once in a while.