Ann: Presentation - Sale and Investment in the Amadeus Basin, page-13

I don't think any shareholder should be disappointed with the JV announcement this week.

Central paid Santos $55 million for its 50 per cent share of Mereenie at 61PJ when it bought into the field in June 2015.

Macquarie Group paid $52 million for the other half-share in December 2016.

Selling a 25% stake for $85 million is a good deal for Central, and the reason why we're booking a $35 - 40 million profit in 2021/22.

The bonus will be the reduced pipeline costs and the additional reserves the JV can deliver over the next few years with the AMGP.

This was the strategic plan set out by the LT for Amadeus, and they should be congratulated on delivering this at a profit for shareholders.