agree. origin santos and qgc all east coast LNG companies have no further plans for building 3rd LNG trains in their Gladstone plants. there is no more need for gas reserves in near future for those three LNG plants.
only option I see is that Snatos Moomba plant gets its feed from these reserves but they will be needing to produce close to 100MMSCFD rate to make it commercially viable and to justify capital expenditures on compression and pipeline. oil in downturn globally, I don't see any chance of this company making $$$ in near future. it will be a 10+year play.
I wouldn't touch it with a 10 feet pole
The Sunshine Gas Takeover, page-8
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