I have covered that in a previous post.Sir Charles Court set the parameters for gas in WA many years back. He is why we pay $4 and the eastern seaboard over $8. Mark McGowan is simply following his much lauded lead, which is a tad off topic but I wanted to remind some posters of the importance to WA of our gas policy.
Sovereign risk in Zimbabwe is sky high of course but as indicated I am punting on corporate action here. I don’t like wildcats and in this case it’s a wildcat that’s not even in a proven basin. I intend to sell down to at least free carry and probably more pre drill.
Cuba is oil. Gas and oil are chalk and cheese.
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