Ann: Update on Senior Financing Facility, page-19

This announcement actually says the lenders are willing to work with TGS no matter what it takes. It is a goodwill gesture to say "we are all in this together". The doom and gloom side of me half expected this announcement to say it was all over, but I am a bit more confident that we will see this through. I would say the lenders are well aware of the issues and are part of the remedy. Remember the lenders could have pulled the plug if they wanted to at anytime, but they have continually agreed for waivers or extensions. What we are craving is some detail around solutions and progress. I am just fed up that we get to hear nothing. I mean we are the shareholders so bloody well tell us what is going on operationally!