thoughts re mou, page-2

well Mav, I hope RJ wears a top hat, and not a baseball cap, because a big fat rabbit won't fit in a cap (lol).

I hope he does prove the down-rampers wrong, because many of us have said all along that the MOU had value, even though ICN did not yet have the reserves to cover the proposed GSA.

I still think RJ will come up with a deal such that gas will be supplied by another party (maybe on a guarantee basis, or short bterm deal) and then the gas will be supplied later by ICN.
I also think any deal will involve BEACH !!!!!!!
Too many coincidental indications.

Anyway, even if the MOU falls over, RJ and RMcN still get a pat on the back for having a go!

Interestingly, Stanwell just committed to Stage 2, a $30m unconditional spend, plus a 15yr GSA deal totalling 225PJ -
--- and wasn't that also on the basis of an MOU ??!!!

waiting for 31 August.

cheers