AGL currently have a legal contract with HGO to develop the...

AGL currently have a legal contract with HGO to develop the Giant Pit for PHES. This contract and its legal agreements and "understandings" is between AGL and HGO. AGL is now negotiating with a third party, ARENA, to take advantage of a $40m grant to proceed with the PHES. My view is that AGL is compelled to hold all negations with ARENA in conjunction with HGO until such time as AGL completes the contract with HGO. I say this as any implicit understandings between AGL and HGO would be subject to change through the involvement of a third party, ARENA, who were not a factor in the contract between AGL and HGO.