Ann: Paralana Joint Venture Project Update , page-10

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    Arthur,

    My understanding is that the over run is attributed at the level of holding at the time.

    Eg during the drilling PTR was still holding 69%, therefore paid 69% of the over run.

    The apportionment of the grant is a little more complex.

    Whilst $4.5mm warranted a 10% sp drop, I guess the market was saying half was already factored in.

    EL
 
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