im in!, page-10

The signing up of customers for the PNG gas in the last few months should have been a big positive, especially considering that almost all of OSH's future growth is invested in this project. With the various proposed Australian CSG projects there is much less certainty that they will go ahead, and they haven't signed up any customers yet (Santos has signed up its JV partner Petronas, so that may not count). You would expect a big boost in the share price of the CSG plays when it looks like the FID will be made, but that doesn't seem to have happened with OSH. Is it perhaps because the market simply assumed from the onset that the PNG project would go ahead and this was already reflected in the OSH SP?

(Incidentally, I have nothing against Australian CSG and STO, AOE and MEL comprise a substantial part of my portfolio.)