This is from the chairmans report in the annual report:
During FY09, arbitration commenced to determine the gas price relating to a major gas supply contract with the North West Shelf Joint Venture that was entered into in 1998 and acquired as part of the Alinta acquisition. Based on advice from independent expert advisors, BBP is confident of an outcome within its expected range. However, an outcome significantly outside this range is possible and may impact BBP’s future as a going concern.
In the latest release they said that interim results are expected in the near-term. So hopefully they should have an indication soon.
BBP Price at posting:
8.1¢ Sentiment: None Disclosure: Held
