Operational update due, page-14

Michaeljob

Great find mate.

Done a quick plot to show its relationship to our tenement.

By the look of things TeraCom are not mucking around!

I was a bit disappointed when I scanned the Annual report and saw the focus on the Oyu Tolgoi Power Station Etc rather than getting 400Tj/day down the pipe to China

• I believe they need 300 MW which is only 50 TJ. Back to torrs lucky to male $30-50M per year.
• Recent announcement in Chinese Media... cost of renewables in China is now below coal fired and presumably falling.
• Monetisation for power station construction & approvals is a multi step process with many potential political & policy decision risks with long lead times.
• A large O&G buyer will (Presumably) not be in the power station business and will value us for the accessible reserves and the pipeline.
• We have a miniscule market cap & IMP could be vulnerable to simply being taken over.

I would be interested to hear your thoughts (And of course any one else please ).

Regards

OGP

Next version of the model is on the way & a considerable improvement on the last one.

Am using the new version to work in Galilee at the moment.

Fun Times

Best Regards

OGP