This is the LNG project which OSH is involved with and was given...

This is the LNG project which OSH is involved with and was given the go ahead months ago.

I think it's worth while pointing out that we were only 1 cent off closing the gap.

9 out of 10 gaps do get closed so this week hopefully it will do the deed.

There is support at 56 cents and hoping that holds because if not it's heading for 50 cents.

The reason for the SP drop?

There are many.

1) Aussie dollar being called as parity with the US$ by june.

2) Service companies on the nose.

3) Cold feet regarding the HY.

4) The herd mentality about the closing of this gap.

The recent contract wins barring Gorgon are all dealing with existing infrastructure so there is no fear about deferments.

The half yearly really does not want to be too bad otherewise with all those adverse factors, we will get hammered!!!!!!!!!!!!!!