bg: slow to shore up reserves, page-8

I agree psi81!

For mine BOW is the logical first target as it's geography lends itself to not only supply efficiency but also has political certainty which the NSW juniors currently do not have. They also have a clean ownership structure.

ESG second. MEL is sort of just in the mix and needs to demonstrate better flows, with the caveat the conventional gas could (and it's a very big COULD) be a bit of a game changer for them.

The only other company I'd give a gig to is DTE who seem to be running under the radar with their NSW assets at the moment. Although they are 5-6 years behind ESG, so perhaps a mid-project supply option?

Really considering most juniors are now in NSW with any sort of reserve base we're looking to the government for a re-rating for the sector? I believe next week info will be out on particular areas where CSG will be excluded for extraction. Worth keeping an eye on. Come on BOF!

JT