newsletter , page-8

Noted today that Beach has "made enquiries" of setting up a LNG processing plant in South Australia and "had discussions with the Minister of Infrastructure."

Yesterday, in the Newsletter, Icon stated that they had "essentially received approval from the Premier of SA" for a LNG processing plant if applied for.

Suggests to me that Icon is way ahead of its much more fancied and regarded "management," which should come as no surprise to us who have been involved with RJ for so long.

And if we read the Newsletter carefully, it is also noted that ICN is virtually the next drilling programme in Lydia away from getting commercial certification of their 626 area, nearly 2000PJ's. All that is now needed is a commercial flow, which they are very confident of achieving with new engineering and better seismics commencing in December. And they already have the other 2P requirement, a contract, through Stanwell.
Again, RJ has kept the horse BEFORE the cart by securing the sales contract (one of two essential requirements for commercial certification) before spending millions on drilling in hope.
Now, he has the contract and will have Stanwell pay for the proving up drilling!! Win/win. UNLIKE ALL the other so called "peers" who are spending millions of shareholders funds in drilling, sure making many anns, but HAVE NOT SOLD A DROP of gas.
I much prefer RJ's "management" skills, although he needs to brush up on his "communication" skills. The Newsletter should cover that and his "management" of OUR assets should not be judged by his inter personal relation skills. TALK IS CHEAP and actions speak louder than words.
Let's see what people think of RJ's geological and business skills (what he is being paid for) when all the dust settles in the next few weeks.
Should be hearing something on PEL218 from Beach soon.