Ann: Quarterly Reports - March 2009 , page-24

Al

There's a possibility that ESG will leave their run too late for the punters. But there have been a number of recent transactions still at a high price and these will happen whether punters are involved or not. The need for scale amongst the major LNG players has little if anything to do with the sector being attractive for share market investors.

They had better get on with it though I agree! Should have had the laterals producing data for reserves upgrades 2-3 months ago I reckon.

H