One key point from announcement is the last line which has...

One key point from announcement is the last line which has probably been ignored given everyone is fociussing on the numbers (which is fair enough since they are fantastic).

The point is that an offtake agreement is being deveoped with Petrobras...this is key for two reasons:

- transport costs will be bugger all
- hints to a very good relationship with Petrobras which is very important (not surprising giving the mgt of their JV partners used to be Petrobras's technical staff)

I expect some analysts will be running their ruler over these numbers and once understood, brokers (other than mine) will finally take an interest.

Cdchi1