There was a question of what if Santos and Origin dont go ahead with Mahalo. Their answer was that then they would have never applied for the petroleum license and that the QLD government would probably look into it and the ACCC as it would be considered land banking which they shouldnt be doing.
Also they said that Santos is keen to get the Mahalo project going and that Santos' NSW project wont get in the way as they have different teams on different projects.
So seems like Mahalo is all systems go just need to work through the details of FID by June July 20201.
Basically seems like all parties are all in and its a timing issue of when to start - gas market is tightening so they want to get the project up when gas market is tight and we get max value for our gas.
With Mahalo North when they are drilling and testing they will capture the gas and sell it (next year) to near by mines - they are looking at 1 to 2 TJ/d which will fund the development of Mahalo North instead of the gas being wasted (flared). This seems like a great idea.
If my big bet on Trump pays off ill be doubling or trippling my position most likely/
COI Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
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