Posted yesterday that there will need to be some give & take by both industry and government in revising the present DomGas export restrictions and in todays Business West Chris Ellison says this about onshore restrictions. "stymie investment in developing more gas sooner and at scale" He is backing the broadening of the offshore 15% rule. The latest proposal will mean the State can " call in " extra gas for the domestic market between 2026 and 2030 if a shortfall is predicted. He says the sweetener would mean gas would be available when most needed. Strong advocacy coming from industry leaders and that includes SN who is acquitting himself intelligently in discussions and showing a very good understanding of the current untenable situation. Government just can't afford to impede or interfere with industry investment at a stage in state gas development & supply that their own departments are identifying as possible shortfalls to be expected in the near future and that more gas needs to come online. Expecting a positive revision from government and that will definitely put positivity back into the PB gas operations and remove the shackles. My opinion only GLAH
STX Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
(20min delay)