Ann: NON-BINDING LETTER OF INTENT SIGNED, page-83

I thought that this is quite interesting from *, putting more emphasis on how the Cooper Basin must be a prime source of supply to the east coast of Australia and how ATP855 with it's proximity to vital infrastructure is the complete opposite to the Beetaloo Basin prospect.
"Meanwhile, Origin Energy has stepped away from the controversial Beetaloo Basin, selling its 77.5% stake in its joint venture to Tamboran Resources.Company chief executive Frank Calabria told Reuters last week that developing the shale gas resources in the Basin would be more capital intensive over time – a common criticism of the Beetaloo Basin by its detractors.While the gas sector and the previous Federal Government had hyped up the Beetaloo as one (if not the chief) answer to meet the expected Australian East Coast gas supply deficit, its position as a fairly isolated, greenfields play means that plenty of infrastructure, exploration and development would be required to get the gas flowing into markets.All this is neither cheap nor timely, meaning that gas from the Basin will likely only start flowing several years after any potential deficit starts making its presence felt. And even then, said cost of gas is likely only going to prevent East Coast prices from going the same way European prices have gone this year.Not that these drawbacks will hold the industry back from developing the Beetaloo if the demand warrants it."