I have a different perspective on the deal.

You argue, it hasn't come, so it never will.

I argue with every new well, the resource is further proved, and proved to be excellent. Morgan Stanley already has IOC with by far the lowest break-even price ($3.70 per Mcf, versus $5.05 for OilSearch and $6-8 for the Australian projects) after Ant1. That number has a good chance to be further reduced after Ant2, as the resource has been proven out 2.2 miles to the south and is 345ft higher than previously thought.

I say, a resource of this quantity and (especially) quality won't be without a deal forever.

I have no opinion on the timing of the deal, as you know I haven't had for a year.

Yes, you told me that cash will deteriorate going forward. But I SHOWED you that extrapolating a single bad quarter is misleading so you are MISREPRESENTING what I said.

What I said was that quarter-on-quarter variations depend much on the timing of purchases of crude and other stuff, you cannot extrapolate that.

Why didn't you extrapolate the first quarter, or the second? Together, operation produced $78.7M in cashINflow... Even I didn't extrapolate because I know one cannot do so on the basis of one, or even two quarters.