When was Mkt. right?

[Tree]

The GLJ #s for E/A still stand, don't they?

TOT bought in based on a smaller T count, OSH publicly accepts a smaller count as well.

Both TOT/OSH resign there is likely enough gas for 2 more trains.

9TCF stood at pps of $106 and stand at $49.

Is the market more wrong/right at $106 or right/wrong at $49?

Or is market right somewhere in between?

4-5 yr. build ahead, and that's after re-cert in 2015.

We trade today at prices based on 'possible' 1 or 2 trains years away with 'possible' enough gas from PRL 15.

We won't know PRL15 breadth for 12+ mos.

Those other 3 wells are independent of PRL15 and bear upon further growth/farm-ins/feed-stock sales.

Re-cert we await.