Ann: Operations Update, Ungani EPT and Forward Pr, page-15

re: Ann: Operations Update, Ungani EPT and Fo... Thanks

I was not implying that 20mmscfd had never been mentioned, I believe I stated that I do not recall seeing it. Now that you put it in context, I actually do recall seeing it. So all good.

With respect to your other point, I'm not worried about a low ball offer if all of the information is on the table. In a transparent environment where everyone knows all the details, the market will determine the price, which we all know will not result in a low ball conclusion.

I am however worried about a low ball offer if the relevant information has been obfuscated to the extent that no one apart from management has a handle on potential reserves. I see this as particularly pertinent where the SP is languishing at this level.

Of course we all know that my contention will never be tested. So let's just leave it at that.