the next step, page-33

Hi Lilac

I am no expert but I my feeling is that ESG management are not going to be as relevant as we previously felt.

Sure, the argument will be that they are taking the engagement ring off STO and prepared for a kiss or two because THEY believe that it is in ESG shareholders best interest as STO have the infrastrucure to develop and market the resource.

My feeling is that ESG mangt dont have the grunt to get NLNG done, perhaps even the pipelines - and they know it so they are looking for the best result within their limitations.

Fortunately, I do believe that ORG will come in and do it with $$$$ - no need to talk to the mangt.

In my eyes, with respect- at 90c - MANGT PUT A PRICE ON THEMSELVES - NOT THE RESOURCE - ORG will put the price on the resource and dont need the mangt.

It is 28c over here today - off for a swim

all the best mate