WA Govt Gas Policy Report Today, page-148

Interesting snippets from MIN report about their gas plans.



They really are ramping up the rate of drilling. It seems all steam ahead on the gas plans, it seems.I imagine STX were hoping to declare FID first.
Obviously, if the policy changes, MIN is a leading candidate for taking over STX.
But I can actually see MIN being interested in STX whether the export exemption is granted or not. Let's assume it isn't, then MIN are clearly going to go ahead with some sort of gas development. And if they are planning to sell some portion of that gas into the domestic market, it would make sense to take out their major competitor to have some control over domestic prices. The only question is whether they can afford it at the moment, and if it's a scrip bid whether people would be interested. Then again, if the plan has always been to partner with Gina (with Gina taking out STX to get her share of the gas), it is moot.
Sorry, I know we've been over this countless times, but just trying to get a grip on MIN's plans, especially if there is only room for another big gas plant in the Perth Basin (i.e. in terms of resource certainty as well as environmental approvals).