while JEF may have rose-tinted glasses (in the sense its someone elses fault)
http://www.theaustralian.com.au/bus...y/news-story/52238f87f465d04d3310c30efc985398
however - JEF was "smart enough" to work out that without an increase in dom gas prices - an aweful lot of gas in the CB would be uneconomic......ditto some of the lessor quality CSM resources .......imho - this was the primary driver on export LNG projects ........
his comment regarding "proven reserves" and dumb capex remain true (imho) ........
Can STO survive, page-596
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