i can't understand market reaction., page-15

i forgot to comment on something else I read in the release.

when referring to the supply of gas required to fulfill the GSA, RJ repeatedly refers to a "gas bank".

so to me thats saying the gas will come from multiple sources - or rather the certification of the required 2100pj of 2P will come from multiple sources.

so perhaps he could get some certification from NW Shelf (say) some from C/Basin and some from QLD.

he needs to do that by March 2013.
but does not need to supply LNG till 2016.

I guess the same can be said for the other condition, wrt having all the approvals in place for the dev't of the upstream and downstram processing. getting messy though.

i am sure RJ is hoping to come up with a process such that he can provide the Chinese with the required certifications in order to get the GSA unconditional, and then replace the 3rd Party gas with gas from Icon permits. Am not clear on how that process works.

cheers