Ann: Second Quarter Activities Report-STO.AX, page-15

It all depends on what "upstream" means - yes the Kipper sale bought it back to around $47 but I thought this was an overall figure (all STO production not just GLNG).

STO isn't going broke especially after the CR & Kipper sale but what I'm interested to know is the actual break even - the undrawn debt facility hopefully will stay that way lest the possible damage to the credit rating. They can cut to the bone but at some point they're going to need to re-open the capex tap because they're future borrowing which can make the cash position look better but all of a sudden production numbers start to fall when reserves aren't replaced & the O&G landscape in Australia has a lot of competition for the better fields and little guys to pick over.. I believe they should do a tie up somehow with ORG and have for sometime especially in relation to Curtis Island - there needs to be consolidation for the longer term especially with even the Saudis now targeting gas over oil - getting to be a very crowded space globally in relation to gas.