You don't get it! This is just a small WINDOW of opportunity.
If we pass this up I'm afraid the exploration bans in NSW and VIC, domestic reservation etc will happen and we'll have bugger all chance of making squat even considering all our pipeline reform. Our gas is still miles away and we have to produce it super cheaply to be able to compete with those in close proximity.
The stars you need to align
1. Global LNG price (after 2022 likely to fall drastically but strong til then)
2. Global demand (beware smartphone like explosion of renewables deployment and gas is no longer a transition fuel)
3. pipeline reform
4. Evaporation of the market (a shortfall WILL result in a change to demand)
5. economic resource
6. Cash
7. There are many more stars.. etc
If this company flounders we're doomed.
If no one saves us before the vote then that's saying no one wants us. Look SANTOS are even getting in the renewable space with ZEN.
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