Nice to see some action. After years of JEF talking about the...

Nice to see some action.

After years of JEF talking about the forthcoming supply issues, the media is now regularly running stories on east coast gas supply. As prices rise, the media will get more involved and action by the states on loosening exploration requirements will likely happen. Andrews (vic premier) is suppose to be hard unionists yet he is pandering to the greens in closing hazel wood and stopping CSG and onshore conventional drilling which will cost job directly and indirectly through higher power prices for industrial businesses. I reckon electricity prices will jump 20% on NEM due to hazel woods closure. Means gas generation will be willingly o pay higher prices.

You have a massive lag time before any new exploration hits the pipelines. JEF has been planing for this since he joined BUL. We should have many years of higher prices to capitalise on.