The 3 words I hate to hear...

The 3 words I hate to hear inPBasin-duster,water,compartmentilization.

There have been a number of posts which reflect fromone point of view a realistic but negative argument.One that ignores any potential-and from my reckoning there have been far more gas flowing wells than failures- or any strategic value to other PBasin players,

And there are only 3 real players-Min,Gina AND the Japanese.

Beach don’t count.And MinGina are essentially partners.
So that leaves 2.

In the past MIN have said that its happy to dobusiness with Gina.They are many examples of that.

Last week they said they want to sell part of the gasplant to someone with deep pockets.

‘From the Aus:

MinRes generalmanager of corporate development James Bruce told analysts on Wednesdaydiscussions on the gas plant would focus on the infrastructure.

“We’re looking atthis in a very similar manner to what we’ve done with the Onslow road,” MrBruce said. “It’s about partnering on the infrastructure. We would look at allsorts of partners for that.

Hopefully someone with a big cheque book.”

We need the ban to be lifted.Nothing can sensibily occuruntil that step is taken.

Then Gina might move.

What price?Depends if there is competitive bidding.

Well Toots do you think OHill will flow?Or is therewater or compartments?