This price is BS, page-45

Thanks Rexsh,

I get the tight gas versus CBM play of STX.

More discussion on the Com Gas metrics of STX's Jaws project would be good.

The main concerns seem to centre around.
1. Can Jaws produce sustained flows , and
2. Are the sustained flows going to warrant the project being determined Commercial.

So what are the milestones we need to tick off !

Its been said we need to get BHP back to sub 900 psi before we will start to see increasing gas rates. That should occur in next few week ...
So when we reach that ... and gas starts flowing again ....
I think there is real concerns that those flows .... may not be enough.

It's too early to tell ... yes i see that .... BUT last year (when Jaws was at a similar stage of de-watering) the SP was much higher , and we didn't have WE implied value attached to the SP then, it was all Jaws.

So what is missing now ? Is it fair to imply that the Market has lost confidence on Jaws ? (shown up in the share price and volumes)

Why is there little anticipation this time around ??? Why is the Market pricing in.... NO value for Jaws.

Is that not correct ? ..... OR is the lack of movement / interest in STX ... all to do with CR worries.

It's hard to know.