Ooraminna Retention Licence, page-16

I'd have to hear Cottee's argument for why he reckons they don't have enough gas when previously he told us they did, but to me it seems they do have enough gas to at least get the ball rolling and supply the NGP for a few years.

As I have pointed out several times before there's only 60 TJ/d capacity left for NGP which is 22 PJ/yr. Gross JV reserves are 207 PJ which even allowing for domestic contracts and coming off plateau should allow CTP's JV to supply 60 TJ/d for at least a few years to allow them to generate some cashflow. And that's before you even start on the 234 PJ 2C which Cottee has told us before is mostly constrained by market and not productivity - the market constraint vanishes when NGP starts up. Facilities capacity is 60 TJ/d so no upgrades should be required there. And it's not like CTP is under contract to fill the NGP - if they can only supply 30 TJ/d, then that's all they have to sign up with Jemena to supply.

So I do wonder why Cottee spent so long telling us CTP could supply the NGP and now as soon as the bid is recommended he starts telling us that they can't.

Has anybody heard Cottee discussing this in any of the interviews he's been on? If so please let me know and I'll go have a listen. I haven't seen any explanations in announcements released to the ASX.