Twiggy move on Canning Basin, page-75

Very nicely said FMJ, but how about if the valuations where written by a person who suffers from an acute case of rose petal diarrhea?
That would upset all charts and charters, included the inverse ones.
I use an inversion table, but only to become taller, not to look upside down at charts.

And of course the shorters would all be driving around in Ferraris with big havanas in their faces!
We do live in a strange world.

And dont forget oils aint oils. As long as I have worked oil the price has gone up and down and entertained people.
Woodside is saying at the moment their break even point is $18/barrel.
When the oil price went down about 18 years ago to $18, we were told the break even point was $8.
At the end, a company will not produce at a loss, they are not a philanthropical institution. Same counts for Buru.

Starting and stopping an oilfield with associated logistics is not something you do while the oil price is bouncing around your break even point.
You wait for a clear indication that it is sane to start up, otherwise you suffer from a clear case of rock for brains.

What happens afterwards with Buru?? Really depend for a great deal on the government of the day.
Dont forget that to get the NWS going, the government stepped in and the Domestic Gas deal was instigated, otherwise the NWS would not have started and all the Gorgon's, Wheatstones, Scarboroughs, Scott Reefs and you name it would be very nice undeveloped gas fields. Same as the Canning Basin is at this moment.

Why the hell they wish to produce gas 400 km Offshore on non propelled barges anchored via a calming buouy, 4 x the size of a supertanker in cyclone territory, while having massive on shore gas reserves beats me.
But Government people are people, who like to be led by the nose by big Oil and Gas companies, they have never been the sharpest tools in the shed, otherwise they would work in Industry and play games with the Government people.