re: pipeline - would love to see that hardmano, but objectively,...

re: pipeline - would love to see that hardmano, but objectively, it's getting harder to see a positive outcome in the near term at least for the following reasons: increase in gas suppliers in the qld market; lack of movement re: cusotmer sign ups - QAL has to be classed as a disappointment at this stage; and the silence from OSH's JV partners on the FEED. On the positive side, any materail pipeline annoucement would put be very +ive for the sp, because the market does not seem to be factoring its development in.