Ann: MOU with Santos to progress studies for Darwin LNG Expansion, page-5

These kinds of announcements instil greater confidence in the quality of management TBN have. Due to delays in the previously proposed Middle Arm expansion plans announced by the NT Government, it’s prudent by players in the Betaloo Basin to expand the existing infrastructure first until in the late 2020s/early 2030s the original plans for the new industrial precinct come to fruition after all regulatory hurdlers are overcome. Quicker into production will allow shareholder value to be unlocked sooner, as well as this desperately needed domestic gas to supply the struggling east coast market. As others have hinted previously, this sleeping giant is awakening & although there’s always bumps along the road in the mining & resources sector, I’m confident those with conviction will be handsomely rewarded as this experienced team continue to tick the boxes towards full scale production & delivering affordable and reliable energy. I’m not saying the train has left the station, but I would be certainly surprised if we fast forward twelve months & have a share price in the teens or lower. This project has de-risked significantly over the past 12-24 months & the market will reconcile this information sooner or later. GLTAH