Greetings all.

I apologize for bringing the subject of ROFO up again - I tried finding info on CUU website and also their link on Sedar in the JV agreement; I'm not having any luck; and need some clarification.

In our case, is ROFO meaning if EE decides he wants to sell, that under the direction of CUU a price offer is made to Teck & they have a certain time frame to meet or beat?

If Tck doesn't, then CUU is free to shop our share elsewhere, correct?

And yes, I do realize CUU isn't likely going to submit a ROFO until further de-risking, i.e. Optimization study or Enviroment Asses. approval (which I expect before next years Federal election).

I truly believe our SC project is in the Provincial Govt's sights, and there could be govt incentives for a proceed decision. There has been considerable mixed media messages recently about the LNG industry in BC, and Premier Clark is on record saying the industry will provide a huge impact of BC's economy. Any sign of stalling, should be good for other resource industries looking for govt encouragement.

Jaf