drilling results....good or bad, page-36

Huge and others,
I need to make a correction to my post 5367487.

This link

http://www.theaustralian.com.au/business/throwing-petrol-on-resource-super-profits-fire/story-e6frg8zx-1225867007731

has the following comments

"That the $43bn Gorgon project will be covered by the PRRT is completely accurate. It will start building up to its 15 million tonnes a year of liquefied natural gas capacity from about 2015."

The article is worth reading in full.

Huge, I am not sure the Govt has done the sums. The article in question highlights issues around retrospectivity and the fact that it has taken 23 years for the oil & gas industry to begin reinvesting in the sector under the tax. Can Aust afford an investment strike of 23 years?

HT1