trying to remain upbeat, page-32

Every day that WPL delay fixing the problems with Ching 30,000 barrels of oil are not being sold on the market at $70 each.

With $700 million setup costs and daily production costs to recoup I doubt whether Ching would even be considered commercially viable at these flow rates.

If they have to spend another $100 million to drill 2 new wells because Woodside drilled them in the wrong blo*dy place then surely the sooner the better.

Until the JV partners can show that they are not completely incompetant and get the situation under control the market will discount them accordingly.