With Mahalo North effectively being a continuation of the Mahalo...

With Mahalo North effectively being a continuation of the Mahalo coal reservoirs and with us putting plans in place to commence Mahalo North production early 2021 – some of the gas production from Mahalo North will by default be exporting across from Mahalo.

Historically Santos have not taken the lead on Mahalo letting us take all of the risks with us driving Mahalo to the production ready position where it sits today – with them no doubt hoping that our involvement would move their position forward thereafter we would eventually run out of steam/money.

Santos must be really p1ssed off that we have now secured the block next door which we are fast tracking to production.

So will Santos 'sit on their hands' and wait to see whether we really can take Mahalo North to production in early 2021? Do they bide their time waiting to see whether our Mahalo North plans start to unfold as we are hoping? Do they do nothing working on the assumption that there is enough reward in their 30% share of Mahalo not to worry about our Mahalo North involvement?

If ever there was a reason for Santos to make their move and attempt to buy us out of our 40% share of Mahalo plus our interest in Mahalo North – now is the time for them to get their act together.

But then again - who knows?