big boys still on the hunt

In an earlier post I mentioned my confidence in the CSG industry, partly based on the fact that the Big Boys in the O&G industry were committing huge $ to the CSG industry.
They also professed confidence in the growth of the Asian markets.

Well I thought I would also mention that now NOBLE GROUP is stating that it is interested in the industry (in Australia). I had not thought of them as a player before. They state they are interested in "greenfields or brownfields" opportunities.

Are we a brown or green field?

Noble is yet another smart "big boy" ignoring the chant of a gas glut - and focussing on the longer-term outlook.

cheers

*********************************************

Richard Elman, the founder and chairman of key Gloucester Coal shareholder Noble Group, sits down with Business Spectator's Isabelle Oderberg to explain:


"... RE: Yeah. We want a global business, so we have for example a large ethanol business in the United States which has got nothing to do with anything, so to speak, but its part of the global business, so we see ethanol throughout the world. Maybe we should be in ethanol in Australia, but I think actually looking at Australia probably natural gas or methane gas is probably much more interesting.

IO: Oh, really? Is that something that you would be looking to explore?

RE: I think its something more interesting, yes.