Ann: Barikewa 2D Seismic Survey Commences in PNG , page-8

re: Ann: Barikewa 2D Seismic Survey Commences... just discussing numbers
(rather than my normal argumentative state)

$5 per mcf?

little high for something that close to the Aust eastern seaboard?
I normally pitch around $3 to $4
NXS is selling their longtom gas for $2.90 to Santos
WA has GJ rates of $6-$8 dollars - so its very regional
Are there any other figures???

on the flip side - the 50cent 2p figure looked light.

some acquisition figure in regards to 2p gas fields.
Note - these were just before the GFC
They're in Gj - which is very close to mcf

QGC t/o of Sunshine Gas - $1.77
AGL purchase of PEL285 - $2.18
BG t/o offer of Pure Energy - $2.02
Arrows revised t/o for Pure Energy - $2.26

I would love them to sell some of their 2p reserves and drill Caterina with 100% WI.
Obviously that is just a little risky - BUT 4Tcf 2P equates to $4billion for every $1per mcf
ie - real money