I think it comes under the heading of 'optionality'. The operator of the Narrabri CSG Project can operate it from wherever they are based (WHOEVER they might be).
This almost certainly has large cost savings, especially where there are disparate source of gas feeding the one LNG project. Operations can remain centralised.
(less of that expensive executive housing that Santos are buying in Gunnedah :) )
I am sure the mention of BRISBANE is no accident.
> Yes, that's right Knoxie. The message should be clear. Your competitors can operate the PEL 238 field from BRISBANE.
Exciting stuff.
ESG is like a duck. Pretty passive and quite looking on the surface, but peddling like mad under the water.
Yaq
ESG Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
