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healyn

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10/03/15

19:25

Post #: 14891218
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Originally posted by healyn ↑

This item has some info about the gas situation in WA particularly the paragraph 2nd from the bottom.

http://www.businessnews.com.au/article/Alcoa-gas-deal-keeps-job-hopes-up

It is the implication in that paragraph that has forced both EGO and ERM to ensure that EGO with 100% onership of its permits is in a position to drill fore, discover, develop, and sell as much gas as it can.

The pundits say there will be a gas shortage in WA in the near term as the gas majors in the north of WA ramp up their production for sale overseas.

As an aside Japan which is a major buyer of WA offshore gas has in the last few days had large public demonstrations against nuclear powered generators. For Japan I believe NLG will be the the fuel of choice for power generation in the coming years and the offshore gas producers will be looking to make every cent when that opportunity arises in favour of supplying the local market.
The local onshore gas producers will be in the box seat as more and more offshore gas is tied up in long term overseas contracts.
I think EGO is positioning itself for an opportunity that only comes extremely rarely

DYOR

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A document from Alcoa dated 30April 2010 discussing the forecoming gas shortages. Definately need to read to be informed about why Alcoa is mitigating its future gas supply problems should they ever arise.

http://registers.accc.gov.au/conten...ersionId=1128023&trimFileName=D10 3562756.pdf

DYOR

EGO Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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