West Coast - what factual information do you need The company's...

West Coast - what factual information do you need

The company's marine and supply base in Dampier activity has been trending down - not necessarily because of the price of oil and gas, but becauses Gorgon is ramping down.

The last update indicated contracts are being re-negotiated at lower prices. The last update indicated the activity across all the company's sectors is substantially lower. The last update indicated utilisation rate had dropped for marine vessels up to 20 per cent. The last update indicated tenders had been drying up. The last update indicated a lot of competition out there. The last update indicated marine vessels contracted out internationally were tendered out at levels 10 -30 per cent lower. It is all there in black and white

I may have been a bit harsh in saying in my opinion dividends would cease in this environment. Okay there may be a dividend - but not the 40 to 50 per cent ratio of profits like in previous years

Again my opinion and not investment advice