Day 108

[Getitrt2]

FWIW, I'm pretty sure that on Aug 14, they did not know PNG would have an interest in acquiring up to 50% of E/A, and that process slowed things down significantly. That said, however, I think the result is that IOC as well as PNG is coming out of it in a better position than they would have, with the kind of phased project they and the bidders wanted, apparently better sell down prices from bidders, earlier production at better market prices, bigger and earlier cash flow, and more gas sold sooner. At some point, that should translate into a much higher stock price, and I agree it definitely appears we are getting much closer, with the support of the PM and DPE, who are speaking Monday on the subject.