Hi GasbagThanks for the link. It's a good article.It is not...

Hi Gasbag

Thanks for the link. It's a good article.

It is not surprising that prospectivity of Canning Basin is already recognised by the head of government and the mining minister.

It looks like that Premier Colin Barnett has a strong determination for realising the James Price Point LNG Plant despite there is some opposition from the enviromentalists and TOs. WA Labour also opposes to floating LNG plant for Browse basin gas (not sure if they will support the JPP LNG plant project), they should be supporting JPP as well.

These are some higlights from that article;

Premier Colin Barnett said;
"The shale gas resource in the Canning Basin is probably twice the size of the combined offshore reservoirs of both the Carnarvon and Browse basins. Again, while that's into the future probably five to 10 years away that's another strong argument why the State Government wishes to see James Price Point developed."

Mines Minister Norman Moore said export of Canning Basin gas was likely and that James Price Point made sense.

"I think that is on the cards," he said. "There's a huge reserve and the state won't need all that for domestic purposes, so it's not out of the question that they might seek to go to export."
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Norman Moore also said "the Canning Basin will make James Price Point a 100-year-project, not a 30 year project."
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Btw Glen Klatovsky, national Kimberley campaigner for the Wilderness Society, agrees the Canning Basin is the "main game"
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He said; "It doesn't take a genius in the industry to realise the potential of the shale gas resource."
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"Buru Energy's politically savvy executive director Eric Streitberg has been at pains to distance his company from James Price Point."
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"I want to be clear and categoric about this: we have nothing to do with James Price Point. None of our business plans involve James Price Point..."We have no intention of going anywhere near James Price Point," he said.

"But if Buru was taken over, it wouldn't be his call, he acknowledged."
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"One Canning Basin player who supports James Price Point is global energy company ConocoPhillips, which partners New Standard.

President of ConocoPhillips' Australian operations Todd Creeger said last year that the company might process gas from its Browse or Canning Basin fields at James Price Point.

Chinese oil and gas giant PetroChina also joined the fray this week.

Managing director Sam Willis said the expanded joint venture would give the company access to "unparalleled funding, technical expertise, development experience and offtake capacity"
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"The Conservation Council's Dane Griffen said companies such as Mitsubishi would be chasing bigger deals than the one secured with the WA Government.

"There's no way that this state can possibly use 1 per cent of the gas that is in the Canning basin," he said "It's the fifth largest shale gas basin on the planet...what the hell are they going to do with the rest of the gas?"
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"Mr Griffen thinks a takeover is highly likely, with some of the bigger players such as BHP rumoured to be sniffing around."