Hi LoveCCE,Since MORGAN and BURTON (Hercules Energy Directors)...

Hi LoveCCE,

Since MORGAN and BURTON (Hercules Energy Directors) provided the risk capital to secure the assets, prepared the project for farmout and worked with Latent to secure Alcoa as a farminee partner, they have to be interested in achieving their goal sooner than later.

Currently Latent is obtaining the necessary approvals to drill, evaluate and develop the Warro Gas Field with the objective of achieving first production in late 2010 / early 2011. Warro Gas Field has the potential to offer Western Australians a significant new source of competitive energy in a time of need.

As to Alcoa, it Finishes 4Q 2009 Strong; Free Cash Flow Positive, Revenues Up 18%. 2009 - Alcoa Inc has a Debt to Total Capital ratio of 0.39%, a lower figure than the previous year's 0.73%.

Why would Alcoa want to extend a time in bringing Warro project into a life? They have means, pipeline is available and gas flow is needed to generate profit. It would establish Alcoa as a competetive energy provider on WA energy market.

cheers nj