Mate, most were sold on 3P reserves for billions and produced nothing - they still produce nothing 10-12 years later. Shell is divesting from Australia and is about to sell Arrow Energy because of escalating costs associated with the LNG plant at Gladstone. Please do your research before commenting. At least MAD produces oil. I'm not batting for MAD but your comments are baseless. BG bought Queensland gas in 2004 and have done didley squat with the asset - perhaps they had a 20-30 timeline at the time (which may still be the case). Tell me how that constitutes a great investment for BG shareholders. I'm not complaining because I bought QLd Gas at 30c and sold out at $5.75.
FDM Price at posting:
40.5¢ Sentiment: None Disclosure: Not Held