Ann: Response to ASX Aware Query, page-47

Viewing this as irony is a mistake in my opinion.

SGC have a history of making last minute switches to try and 'keep the dream alive'. And fair enough, they should exhaust all options to commercialize an asset. But the decision to switch to Hydrogen was not driven, in my opinion, by the potential of hydrogen, it was driven by the failure to convert the Gas to $'s. They are having another, perhaps one last, throw at the Borba stumps...

There is no reason, on data, to think there is significant long term upside ibn Borba, be it via a hydrogen play or otherwise. Post feasibility may tell a different story, of course, but until then, there is northing to suggest it is going to be a profitable Project.