Thanks Stoops. In Melbourne, RC also observed that the way in...

Thanks Stoops.

In Melbourne, RC also observed that the way in which CTP announced its new reserve estimates would have a significant impact on the market and needed to be thought through. That thinking is probably what is happening right now.

We know some CTP gas is classified as resources not reserves as before NEGI there was no market for it.

Jemeni has to soon decide whether to build a 14" or a 20" pipe. They have indicated a preference for the larger, but do need tangible reserve estimates to justify it. CTP wants a big bore pipe so its production is unrestricted. This recalculation is important.

Ash.