General Discussion, page-3374

Plenty more needed at Woodside also.
Reported by Ben Harvey in todays West Bus. news, headed:
"GAS GUZZLER NEEDS TO BE WELL FED" in reference to the NWS project.
Summary takes from article:
- Woodside Energy boss Meg O'Neill has a gas problem and needs a plan B
- The big question now is, where will the gas come from?
- Browse Project?
- Poaching Chevron's assets?
- The Equus Gas Field?
"The last option is the Perth Basin where all roads lead to billionaires"
From the article:
"The Ryan Stokes controlled Waitsia project is already exporting gas through a swap deal with Woodside.
It is about to directly feed the NWS but under policy settings designed to shore up domestic supply is only allowed to tap international markets until 2030.
The Cook Government may need to extend that deadline when it comes to realise that domestic gas is a side hustle to the lucrative LNG trade but so far 2030 is set in stone.
The rest of the Perth Basin is a wholly owned subsidiary of Gina Inc.
Rinehart has sprawling assets in the region but, so far, has shown little appetite to develop them.
Even if she did drill a few wells, it's unlikely she could build a processing plant before 2030 and pipe the gas to the NWS for export.
Rinehart could avoid the deadline crunch by striking a tolling deal with Waitsia but there's every chance she would turn her nose up at that option when she compares margins with dizzyingly profitable Roy Hill iron ore mine.
Put all that in a blender and you have an economic, political, environmental and social smoothie that will play havoc with Meg O'Neill's guts.
And as gas is critical to this country's prosperity, we could all get indigestion."
Well, we certainly have got indigestion here at Strike Energy - good article but has Ben got it a bit wrong when he states "The rest of the PB is a wholly owned subsidiary of Gina Inc.' As Strike Energy have a very large footprint in the basin and are very significant in current situation or does he know more than us??
Agree with his assessment that Gina is showing little appetite to develop projects and as I have posted prior, I believe she is likely playing hard ball with the State Gov. before any further commitment is made and like it or not Gina has Hancock Energy into a strong bargaining position as per usual.
I'm hoping for all concerned and in particular us shareholders who are investing in the PB operations that decision making can be expediated and the PB can be fully developed and deliver the full package so all can benefit in all ways, time for action is yesterday not tomorrow.
My musing only & GLAH.