Ann: Results of Scheme Meeting , page-19

  1. 1,465 Posts.

    Unjustified spruiking from the local GOG spokesman! (And for any newcomers I have, in the past, fronted this character with my belief that he is a GOG employee and he has chosen NOT to deny it!)

    I have repeatedly raised the FACT that the gas is unsaleable to which you have NEVER presented a counter arguement. Other posters have posted to say that I am 100% correct in my analysis of the publicly available information. (Those interested though can examine quarterly reports for both GOG and GOG/DLS to see that this pivotal issue disappeared from all reports more than two years ago- no statement to the market etc, just no mention made. Simultaneously this project went from being a gas project with associated condensate to a "wet gas" project.)

    Perhaps I should repost? (Although on form you will consistently ignore my invitations to present a counter arguement.)

    For those who have yet to encounter the FACTS here, GOG has long held unsaleable sour gas- I have provided links to ALL relevant documents in previous posts. Miraculously the sour gas project, which required major infrastructure, became a "Wet Gas" project under the current management, fair enough as the only saleable component is the associated condensate. OBVIOUSLY the gas component has been deemed uneconomic- all mention of the required infrastructure has disappeared from GOG propaganda, coincident with the spin of calling it "wet gas". (One might ask why there has been NO release regarding the abandonment (or otherwise) of the CO2 stripping plant!)

    Although I do tell a small lie- on one occasion you attempted to present a counter arguement. In response to my statement that the CO2 scrubbing plant had been ditched by GOG management you directed us all to a document which is now MORE THAN two years old- effectively proving MY point! (Pholk may be interested to look at this page http://www.drillsearch.com.au/ExplorationProduction/GasCommercialisation/tabid/3388/language/en-AU/Default.aspx to which you directed us and note this "Further exploratory drilling ... is due to be conducted ... from October 2008" as this is the LAST mention of this infrastructure by the company!)

    TR
 
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