Horizon can fund Stanley, page-8

In terms of practicalities: gas sales deal into PNG LNG T3-T4 to Exxon/OSH is the solution here. Monetising their gas and potentially triggering more $$ from Osaka, to allow them to work on the condensate side of things. Where they stuffed up was to drop the ball on PRL 21 and growing the resource base there - easy for me to say and harder to do. Clearly the approval on Stanley, and the poor decision to link the Osaka cash to it, ended up distracting management for the better half of 1-1.5 years when Stanley is actually small beer (its a small project and worth maybe 3c/sh). Its bittersweet with this stock, very hard for the market to love it.