Hey Acorn,
Tintsfield is no different to the other seams i.e the restrictions put in place for water etc only apply to new approvals.
Tintsfield is "up and running" on the back of ESG's last $100Million dollar capital raising...
I'm not one to condone taking all the risks with my capital investment only to have a dilutional gain - bad business!
Lets refer back to David Casey's comments:
?Commencement of operation of the Tintsfield
Pilot was an important step forward for the Narrabri Gas Project because the pilot opens up a whole new gas reserves horizon. But initial production rates have not turned out to be sufficient to support a meaningful review of gas reserves. A steadily increasing production profile and
evidence of good connectivity between the wells is encouraging, but it is too early to say more.?
TOO EARLY TO SAY MORE!!
There is obsoletely nothing in the above most recent statement from David Casey which suggests any "problems".
We just need more time and I predict not a HUGE amount of time but well and truly within our current cash reserves to provide meaningful data to the public market.
We invested (past tense) our money into Tintsfield so we want our non-diluted return, I trust SANTOS will make sure Tintsfield is recognised in their "sweetener".
As I said, do other potential suitors have access to Tintsfield data yet???? I don't think so!
Come on Origin, come out and play for it appears The great SANTOS is trying to steel (on the cheap) the most lucrative non-contracted coal seam gas in NSW out from under you!
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