It may have been lost in the shuffle, but the idea that Cuadrilla can feed directly into the grid is a nice positive for us. Not only does it mean that many of the locals will soon be using gas from under their feet rather than from half way around the world, but it means we are saved from making a massive and time-consuming investment in processing infrastructure. If we were getting very wet gas with lots of water, condensate, and sulphur, we wouldn't be able to treat at the well pad. Another indication of how attractive the economics of the project will be.
AJL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
