buy the fact when it is better then the rumour, page-2

This deal is much better then rumored.

- Provides flexibility of further farmins with Tailsman should NGE deem it appropriate
- 75% cost recovery for NGE when Tailsman is only getting 50%
- Tailsman technical support
- Up to US105m worth of exploration and development value
- The synergies that come with having Tailsman as a partner such as speed of finding to market and proposed development infrastructure and growth plan they have outlined for PNG

And the most impressive part of the deal is that they kept 100% of the hottest prospect with 267! With the cost recovery and the recent money raised from the cap raising we can be assured that we have the $ to fully fund it and will know exactly what is there before we talk farm out. This was obviously the reasons for the delay and thumbs up to management for sticking to their guns and not letting it go.

Looking forward to the ST traders getting out that were just interested in the buzz of the ann so we can continue our march up.