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clock Created with Sketch. 19/04/19
16:40
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Originally posted by Antiques Of Woodstock:
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Whether it’s Santos – APLNG – or another party – gas is in short supply in the location where we have a shed load. If I were Santos I would bid us well shy of net asset value as commercially it makes no sense to do anything other than this when they are the only party ‘showing their hand’ at this time.
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Don't know how practical moving to production as agreed operator of the mahalo block would be. We have no stake in the pipeline or the GLNG plant. We do have an ACCC that theoretically should intervene if they attempt to impede/delay use of those assets but santos and APLNG are both bohemoths financially and legally. If it does get that far without a TO I would be suprised to see us remain operator. Passenger is still a highly lucrative option however.
(20min delay)