question for sellers, page-20

re: question for holders - chart Thanks Alpha, nice one.

Am not in PSA, but prepared a study thread on May 9 to see whether I should enter. I decided against it as HDR was more robust.

Also, I wasn't keen on that Chinese project (Chinese could come in as a 50% partner on any successful strike leaving the partners to pay for an unsuccessful one. And a question mark about the oil itself exists).

Finally, I am used to trillions of cubic feet of gas and not billions of cubic feet.

I thought that for the price, compared with HDR, PSA was a lightweight.

However the study was a neutral one and I decided not to comment.

I am very pleased that you have done the TA-thanks for that.

Gerry