2nd May 2022 - release of Strategic Review:extract:In light of...

2nd May 2022 - release of Strategic Review:

extract:
In light of the sustained high LNG prices and medium-term forecasts exacerbated by the war in
Ukraine, State Gas has conducted a strategic review of its Central Queensland assets to
determine the most cost effective and quickest route to market for its gas.
Critical in this regard are the following key factors:
• Gas produced from any part of the Company’s acreage is able to be freely sold into the
domestic market or exported (i.e. not subject to domestic gas reservation policies);
• Gas from each of the Company’s 100%-owned projects is currently uncommitted; and
• Conventional gas from the northern area of PL231 (the Primero/Aldinga resource) and the
coal seam gas at Rougemont in nearby ATP 2062 is essentially of pipeline quality, requiring
only dehydration and compression to meet deliverability requirements.
The preferred pipeline route identified is to the north and east through both Aldinga and
Rougemont to connect to the main Queensland gas trunk line (see map below).
Accordingly, State Gas has decided to prioritise the development of the conventional gas
around Aldinga through a pipeline traversing the Rougemont field to the Rolleston compressor
station.
Desktop studies have identified Aldinga to Rougemont as the optimal initial development plan,
with the Nyanda area south of Aldinga to be developed as a subsequent phase. Initial field
surveys are planned for next month.

So, it would be timely for them to release an update!?