Well the energy conference yesterday was a bit of same as same as . John Phillips spoke well , JEF was not to been seen , hurt from a fall I was told , John was mainly on about future world gas shortages , Bowan Basin reserves and Surat Basin not up to expectations with down gradeing going on. He did'ent push Blue at all spoke like a consultant not a CEO , somethink is in the air.
The pipe lines are the main issue now, there are 3 looking, Jemena using a sub name Central Qld. Gas Pipeline P/L ,Arrow who route is the same as Jamena and APA which is shorter and connects into Santos pipe network aqt Densson Trough ATP 337 then to Rolleston for compression then on to Wallumbilla gas hub.The APA total pipe is 750 kl which allows for the run to Comet Ridge, Galilee.
There is a good thread 20 June post 25371318 page12 about the connection, one other thing two Chinese comp. brought the 50% of Moranbah from AGL Shell walked away.
BUL Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
