Ann: Operational Update - Myall Creek Well 4A, page-29

I'm not sure how far we can compare our price with Santos.
Armour did a deal with APLNG over 5 years @ 1.8 pj/a and up to 3.6 pj/a. Because we were in start-up, with poorly guaranteed flow rates, a discount was provided by both companies over the period. Anything over 3.6 pj (10tj/d), we can sell elsewhere, including potentially spot prices. Santos have their own pricing agreements in place, with contracted amounts to GLNG. In one of our recent announcements, Armour appeared very keen on spot markets over the summer, my thoughts being that we can probably rely on minimum $8029 tj from here on.