Schedule

Porth Meridian Energy Limited have been granted all major consents to construct the Port Meridian Deepwater Port including pipelines and receiving facilities.

A Financial Investment Decision (FID) is expected by year end 2011.

Following FID, engineering and construction of Port Meridian is expected to last approximately 2 years including time for procurement of long lead items. Given FID end 2011, operation is expected to start in late Q3 2014.