https://statements.qld.gov.au/statements/100295
I have been reading about the gas policy a lot
we have labor saying Gas is KEY to the energy transition
we need more gas supply and fast . State and Federal Labor - even Albasleazy and madeleine King statements are about tackling facts not ideology !!!!
qld Govt giving grants for gas exploration. Just think about that for one moment
Mahalo is the nearest to production , most substantial, and lowest cost project. It can single handly have a big supply impact . Mahalo North and East 100% owned by Comet make comets over gas asset so attractive
I am highly confident those looking to acquire Comet will be emboldened as it’s now politically a lot easier
similarly those looking to purchase gas will be scurrying knowing that the about face is an admission renewals are well behind
I attend and investment manager dinner this week and I got the following bits and of insight .
renewables inv dollars have been falling in Australia
Renewables investments under performing and advocates want to use other people’s money to invest , coming from a recognition they are poor investments
AI is extremely energy intensive, an AI Google search is 10 times more energy intensive than a normal search
outside the severe domestic east coast supply shortage , the global need for LNG as part of the energy transition is even greater
I truly believe everyone is under appreciating what the new Gas policy means for Comet.
the expiation well is scheduled to occur in Sept quarter - I will make a bold prediction . This will be the end of the teens for Comet and it WILL be taken over by year end . I will even put a TO for price of 35c plus
govt policy has been a headwind for 2 years - it’s now become a tail wind . Market reaction will come over next few weeks .
the activity of the last quarter will also become visible this quarter so my advice is strap yourselves in … the time has come
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