re: Ann: COE: Worrior-10 cased and suspended ... Whilst Senex's oil revenue will double in the next view years it is their GAS that gets me excited. Senex is going to become a big company.
The LNG market worldwide is 240 million tons per year. Production has remained flat whilst demand has risen leading to a very tight market which is forecast to last until the end of this decade.
I have just read British Gas's world outlook for LNG. They have a "long- held bullish view on the outlook for the LNG market." It is an exciting read and reinforces my decision to stick it out with both CSG and shale stocks. The next few years will be the most exciting in Australia's gas history as it gets set to become the 2nd largest LNG exporter in the world.
Can you imagine SXY supplying gas to the Gladstone hub at $9 per gigajoule? The figures are frightening. The odds are good.
The LNG market is only in its infancy. LNG is increasingly becoming a world market. Particularly in China where the populace is rising against the Govt policy of installing a new coal fired power station every week. China is falling over backwards to get LNG. They are under immense pressure to fix this problem they previously gave scant regard to.
550,000 Chinese people are dying per annum due to coal pollution. That is beyond belief. I have been there. You couldn't see the green.
This LNG market is going to boom over the next few years.
It will take a lot by surprise.
Sorry to ramble but that British Gas report is a great read. It will hit the Headlines.
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