ouch, page-5

Hi MT and everyone

Yes, in this market one has to have the courage of one's convictions to buy on the dips and hold for the inevitable further rerating that will occur. As I have read in the press only today, the entry of offshore majors to the Aussie CSM market place has all of a sudden brought the industry into acceptance from suspicion. As the seaborne gas trade increases, it is LNG prices (priced off an energy basket including crude oil) that will drive the economics of Aussie gas resources. So long term, we are linked to price of oil in my opinion.

regards
DF