Some good comments coming out of the Oil and Gas seminar held in Perth today. Some world experts say that projects as large as Gorgon will have to be commissioned each year for the next 20 years to keep up with world LNG demand. Looks good for our little Perth Basin reserves. Best get cracking and drill some more holes. Interesting to note that AWE are pushing ahead to offload its Cliff Head Crude assets so they can concentrate on expanding its Perth Basin exploration and production. Long term reliable contracts are what they are chasing. EGO is heading down the same path.
EGO Price at posting:
43.0¢ Sentiment: Hold Disclosure: Held
