all aboard the irony express!, page-8

You have got me perplexed again so I have to do a bit of overtime to keep up to date :-

1. You obviously dont want the 400PJ ERM MOU to become a GSA next week. It was promised by DC for the End of 2010.

2. Also you seem to no longer want the other Powergen MOUs to become GSAs soon - some more 1300PJ Macquarie Generation and NP Power. They will be itching for some gas.

THERE could be a GAS RUSH starting Monday

The Market was just too stupid to have it worked out prior to the Lecture by the Red

I think you dont want any GSAs signed up so all that Gas is available for STO & ORG and the Other-Bidders circling just out of sight in the gloom ready to rush in and pounce on ESG

Santos has ESG in the Squirrel-Grip with the sneaky nuts outperformance

ORG will be reeling as it will have to redo its APLNG FID now that its only getting a 50% leg up from the Red. The others will also have their Gnomes working long hours tonight.

One consolidation in Gladstone and the whole supply-demand situation changes - there will be far too much gas. This Carbon Price milestone with certainty of being passed by the Unelected Rump may be the Great Catalyst we Gladstone Consolidationists have been waiting for.

That of course could be the Govt aim to free up Gas that would otherwise be exported as LNG for Domgas powergen and take the hyper-inflationary heat out of Gladstone. We already have Shell delaying its FID to 2013 and start date so that it can avoid the conflict for resources. Their first LNG will be 2017. Gives them a 2-3yr construction offset. Did you notice that one ?

We can have heart in the fact that we have the CSIRO Energy Transformed Flagship to guide us and dont forget ARKX.

We will let the Market talk to us tomorrow.

You seem to be telling us that the Market wont suffer from the Mega-Blink but will in its own ironising way bid up the price of ESG dramatically to 85cps on the basis of an appearance of the Red, who disclosed not much more that what had Leaked out by last Friday. The only new disclosure being the Tax system is being tweaked in the same package to buy support ? All the Independents have been bought so why not finish the process and buy everyone else ?

The tie-dyed Age of Aquarius Greens could sit around the fireplace and watch wood burn and not connect the dots


Start Worrying now, Letter to Follow


Cheers