its hard to be bearish nat gas , page-9

I didn't articulate that very well, what I meant to say was if the market will pay more for the acreage in the NT, it may be worth listing it separately (giving shareholders another stock to trade) OR it could be sold for cash. I don't really I know but I suspect the company may get a better rating with 2 separate listings given the disparity in the assets / stories.

I wouldn't like to see an investment bank get paid fees to do another listing but if it creates some value for shareholders then so be it. This Armour Energy IPO will be an interesting one as it'll give some frame of reference for what that acreage may be worth. I'd been pretty -ve on it (Armour) but have to say I have changed my view in the last month or so. I think it'll do quite well.