Governance definitely is an issue, and has been for some time,...

Governance definitely is an issue, and has been for some time, there's no steering away from that unless you're Cujo doing a 360. Grace did real damage to Karoons credibility in the market place, heads had to roll and the repair job had to be undertaken. There's no denying that's been a huge contributor to todays position. Uncertainty has been another, ie j/v's not materialising when forecast, time lines shot down. Desperately need a good result with Olinda, and desperately need a clear and concise way forward to production with experienced heads which can leave Bob and co to play in Peru, Carnarvon and 314. Comments such as Karoon becoming a gas export hub in Brazil using majors gas I don't think does Karoon any favours at this point in time.

Spud should be imminent?