BG know what they are up to and by including options on 9.9% of DLS, they are ensuring they not only get this alternate unconventional gas supply ahead of the pack, but effectively at a 9.9% discount when gas flows (actually they would probably snap up the whole of DLS if it really came good, so 100% discount...)
I mention this thought purely becasue it occurs to me this could well be the pattern for international energy players with mid-tier Oz CB Shalers like BPT...
an over fing ...noticed BP are back in profit to the tune of US$5.6b for Q2 and say in a Bob Dudley press release 26/7:
"BP remains on track with its plans to double its exploration spend and to significantly increase the number of wells which test new plays, in areas such as Brazil, Trinidad, and Australia"
I'm not quite sure if they currently do anything at all in Oz, which leaves me idly speculating they may feel what's good for British Gas is good for British Petroleum and could BPT be on their radar... ????
any thoughts?
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