Markie,
It is about allocation of capital. If you have the lowest cost gas in the country (perth basin) why would you spend your capital on the cooper, which at best is going to be a very expensive project to bring on-line.
They are continuing to test the cooper as it is showing encouraging signs. But if it doesnt turn out as strongly economical then you wouldnt want the company allocating our capital there.
The PB has exceeded all expectations. Capital should be spent there unless the Cooper has a major positive shift in production rates upon reaching desorption pressures.
IMO
Ann: Perth Basin Strategy & Operations Update, page-23
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