It was always was going to be capital intensive to get a project...

It was always was going to be capital intensive to get a project like this up and running . Drilling one well costs around.$1.5 AUD and with all the infrastructure stuff and the cost of turbines it was never going to be cheap . Given the time factor and all the hurdles they have had to jump over. The costs mount up.

The big question is how much gas do they have and what margin are they going to get for it once they are producing . All the was missing from the offer booklet. It was no wonder not many to up the offer . Because it a bit of a blind bet really. And by now it shouldn’t really be! In my opinion! Also it does seem like the costs are running away a bit and time lines are constantly being revised backward all the time with little or no justification … Hardly the background to putting in your hard earned coinage