BPT have access to the LNG processing capacity in the NWS Project, the ullage in which is increasing by the year until Scarborough and new discoveries (not likely, given the Ironbark result). Mitsui could sit on the side-lines. There is only one Co that is flush with domgas in WA but does not have an LNG outlet, and therefore exposure to international LNG prices. That is who will ultimately take possession of this 50% in my view at quite a premium. WGO - best seats in the (Perth Basin) House apart from NWE.
