timing.., page-8

Hello All,

Need assurance revisit some of the Karoon agm files

Sometimes I forget what size we are actually drilling for

Browse
Reported amount we are drilling for is 20 TCF.
Considered moderate risk

Taking into consideration
A$8-10 billion per TCF for long term contracts.

I am terrible at maths, you do the maths , elephant size

KAR With small amount of shares available, once gas is confirmed Zip!

Mark Smith Knows what hes doing (research his history and com discoveries )

LNG SPOT SALES AGREEME NTS
Oct 2008, Chinees buy Algerian LNG Cargo at record price to boost supplies. US$20.43 per million btu
(Source; Bloomberg, Oct 2008) (US$20.43 billion per TCF).


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Then throw in AC/ P8

Then throw in Peru

Then throw in Brazil

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Not too worried about Fridays ann sp drop , Fridays are bad enough without it being a public holiday today

And everyone had put 2 and 2 together on wed/thur that rig was moving

Plus Look at the oil jump since - not that it matters as we are a while off production.


Who knows could be water down there , high risk high reward DYOR

As an Aussie Ive had a some red , so excuse the spelling and happy Australia Day to ALL

Best of Luck