Interesting news on CSG in NSW. AGL winding down their CSG production near Sydney and pulling out of Gloucester. In QLD, AGL selling their CSG assets (gas production not promising). I expect Santos to put on hold their CSG project in Narrabri, NSW.
That leaves Santos to hopefully go full speed in PEL513 (60% STO,40% DLS). 4 explorations to be drilled soon in PEL513. Could b good outcome for BPT/DLS.
Also in SACBJV (20% BPT), gas in storage right now will be sold to GLNG. This will free up money without having to come up with capital spending.
Interesting news on CSG in NSW. AGL winding down their CSG...
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