because there wasn't a gas shortage backed then so they tried drilling n miss the spot.
Instead wasting money they left it, because 2020 has better technology and the fact there wasn't much interest in gas drilling in Australia.
So since there's a big gas shortage and they have the technology to store the carbon back into the well
and have more public n investors interest its alot easier to raise capital and bring on partners to drill pep 11.
Thats why. Timing is everything.
because there wasn't a gas shortage backed then so they tried...
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