Western Pipeline Project, page-4

Absolutely right freida, not only can we not be squeezed out of the the Western gas aggregation but it makes no economic sense without us. Horizon not only owns the biggest western fields but has been very canny over the years to snap up the most prospective tenements. While commendable to pay off debt first, not drilling has certainly made Horizon somewhat boring and has hurt the SP. That is soon to change and will be another driver of the SP. PNG is astoundingly oil and gas rich, probably the world's hot spot. Look at OSH's successes, it seems that every time they drill they find more gas in commercial qualities. It would not surprise me if we have another Stanley or 2 out there on our tenements. I predict that not only will the Western LNG project come to fruition but it will be expanded rapidly as we finally get to find out what recourses we have locked up in our tenements. HZN is an OSH in the making is what Alan Kohler used to say and he may yet be proven to be right.