beware the strength in numbers, page-3

Sailor,

Read an earlier post quoting the comments of the head of Energy Users Group where he says its impossible to get long term gas contracts.

here we have a gas company with gas, a relationship of some sort with the pipeliner APA, some musings about offtake agreements, if memory serves ERM but highly likely plenty of others if the market for gas is so tight.

How hard would it be to sell 20 PJ p.a. of gas at $5/GJ or $100 million a year revenue for 10-15 years?? Standing on this they could take their sweet time and have plenty of cash. They have spare cash now so what is the problem? ESG don't actually know how to do a field development? Is that it? Yet all the time they claimed the upstream field work was their skill??

So Sailor, the idea they couldn't monetise gas is rubbish. For some reason they chose not too.