details of offer, page-23

just the start of some serious moves to come for the Aus O&G sector IMHO.

Conoco linking up with NSE in the Canning Basin WA is another BIG sign of things to come. The Conoco move paves the way for other International explorers to consider Aus options. Our shale & coal resources are nearly twice that of the US! Blind Freddy can see the US experience is about to be repeated here!

I know BPT is cashed up but similar to ESG they better watch their backs. The Holdfast-1 result of 2mmcfd when they were expecting 100mcfd will attract serious attention to the Cooper if they can keep that form going!

I realise STO have just bid on ESG but I reckon the Greenie squabble over fracing underneath prime agricultural land is going to become a big problem for QLD & NSW CSG suppliers. Players like STO may need to quickly source LNG from alternatives in order to meet their off-take agreements. Nowhere better than the desert of the Cooper, it's remote, non agricultural and with wells like Holdfast-1 the numbers will look extra attractive.

Lets hope the Cooper dirt STX share with BPT (ie PEL94,95) & EWC (ie PEL96) are loaded with productive shale & coals.

Trading vol & price momentum still with us - sweet!

All Pure Spec!

Cheers

HC