my prediction, page-3

In late December 2004, QGC foreshadowed a Share Purchase Plan (SPP) to raise funds to accelerate
the certification of additional reserves and the development of gas supply arrangements for the
proposed power station at Chinchilla and the Incitec contract. The SPP was formally opened to
shareholders on 17 January, inviting shareholders to purchase a maximum of 20,000 shares at the
discounted price of 25c a share. As at the time of writing, the SPP was heavily over-subscribed; the
funding cap imposed by the ASX on funds raised will effectively cap the SPP raising at $14.8 million.
This will be sufficient to cover the acquisition of CS Energy’s interest in Berwyndale South as well as the
costs associated with upgrading reserves for the Incitec contract and for the proposed Chinchilla power
station.