all the gas experts, page-24

Great few post Glendronach, great to have some logical thoughts in this forum

I totally agree, the huge potential for ICN is the macro economic drivers that are in play here (not the fact that they may pay their cfo $20 more than the next mob as many on this forum seem to keep harping on about).

Both the government and opposition have subscribed to the fact that an ETS is coming, even the nationals wont be arguing the point. What will be debated is the degree in which targets will be set and the concessions that the liberal party will be pushing for.

The first major economy to make a bold move in this area is Japan, if the rest of the developed nations can also make similar bold moves, this has huge implications for certain industries, energy consumption and electricity generation being key.

The other area i believe that is also set to have a huge impact on the electricity market is the ever increasing likelihood that battery powered vehicles will soon be the dominate vehicle on our roads (Warren Buffet does not invest on a whime). These vehicles will require charging, and most probably charging at the time people get home, resulting in high increase in base but more importantly peak electricity. This is the major area gas plays will most likely have an impact and i suspect any power station built by stanwell will be peak power.

As Intersuisse have already pointed out in their report, a market IS THERE, sales contracts are likely to be in PLACE, the only thing left that is not 100% certain is the commercial level of gas in ATP626, the ever increasing share price is reflective of the growing optimism (and probably knowledge) that the resource ICN has is both significant and commercial