Lest
Your sentiment would certainly be part of any current investment decision.
Just a few unknowns...
I hope that the partners can attract investors who are looking 10 years hence. Cause that is when any discovery would be commercialised. Major player are looking to establish substantial reserves for the future.
NSW is desperate for resource development. Its a source of revenue that is mostly unavailable to them (except coal)so I would expect they would do 'anything' to advance projects.
Much of the interest in CSG is to provide feedstock for export. When that happens you might have a domestic price increase.
Right now NSW is in doldrums. what the future holds I dont know but I would expect NSW GDP to recover at some stage. and population is expected to continually incresae into the future and hence demand for energy.
Any pressure towards "clean coal' may effect coal pricing and benefit the gas industry. Future power generators on the East Coast will be gas powered in all likelyhood.
agm presentation, page-6
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