The position LTR is in is very similar to the earlier uncommitted CSG hopefuls like Pure energy and Arrow.
As the looming LNG production facilities were being built at Gladstone QLD, the Gas Majors started circling the best resources to feed those production facilities.... It took a few years - but most viable Gas supplies were hoovered up systematically by the majors.
I remember it well - like @anatol I made money on Arrow and it's little brother Bow energy. I missed the Pure Energy bonanza the same as Anatol.
I can see a very similar scenario developing here - but would expect no serious bids for KV/LTR till more drill results are in and the PFS and maybe even DFS are complete.
SK60
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