yeah, its not that clear to me what % of the lng gas price upside will get upstream to suppliers...over the top of basin wide increases
current gas suppliers to lng have been pretty quiet about that
i think condy will continue to be a key ~50% valuation part of the ce1 jv project
but the old qld example is a good one for perceived values...
here's the EV/GJ 2P from Qld history 2005-2010!!!...and ce1 has 200M 2C *6 to gj = 1.2B GJ 2C
and then add the prospective and the other leases
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yeah, its not that clear to me what % of the lng gas price...
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