Might Be A Good Thing Apache, has a number of projects around the world and in their own annual report the JV with TAG has only been a footnote, so not a key part of their portfolio. It is logical that they have to reallocate cash as they have some very high cost LNG projects to plan for as well as other shale oil projects. The high probability is that they have simply re prioritized their capital expenditures and TAG is just not at the top of the list. I strongly suspect that they are also concerned about the regulatory delays in NZ which as you know is commonplace now no matter where you try and develop projects. Noticed today that National Bank Financial and Credit Suisse both have reiterated strong buys on TAG and with phase 1 of the East Coast funding still in place with Apache they have time to aquire an additional partner IF they want one. One thing that may hinder TAG's share price is that while they trade on the TSX they are really not all that well known - not a name that you hear every day. That however, is a good thing at this point. If east coast is successful and they continue to grow existing developments with near, if not 100% control, this would be a name I will stay with for some time yet.....