bowen vs surat, page-16

loki,
In March 2010 AJLucas settled with Toyota Tsusho re its 15% share of a coal seam gas permit that it shared with British Gas. It received top dollar and reaped $95 million for it.

That will give you one example of a small company selling out to an Asian company at a very good price. And what's more not even British Gas could match it.

The market is absolutely dead at the moment as news of a possible GFC2 hits the business wires. Add on the resource tax, the muddled elections and you have got a recipe for a very depressed market.etc etc

I take heart from the message that the Shell Australia Managing Director is putting forward. There is a huge gas demand coming from Asia and within a few years gas sales will outstrip oil. These majors get rated on the reserves they book. Oil is getting tighter so they are going for politically stable Australian Coal Seam Gas.....The majors need gas reserves.....and BUL has a huge potential acreage.

As for GFC2, yes it has me worried because the world is having trouble running on $70/bbl oil. That's why we need 'clean' burning Coal Seam Gas as a transition fuel
because world oil production is falling off a cliff.

The DOW could go down to 8800 which will hurt but sooner or later one of the big boys will announce the World's first CSG-LNG FID at Gladstone. And when that happens you will again get an appreciation of what Coal Seam is worth.

In the meantime, I agree, these are depressing times. Those clowns/dipsticks Bush and Greenspan have a lot to answer for. ( And Iraq is just getting worse.)

A couple of weeks ago British Gas promised a FID sanction before year end. Let' hope Aussie environmental politics don't stuff it up.