four corners - greater sunrise

Whilst i feel very sad for the east timor leste people, the greater sunrise debacle in the timor sea is a positive for meo. That is, the australian govt is now desperate to get some relatively close stranded gas to market. As clearly highlighted on last nights four corners on the greater sunrise spy case.

With the usa set to become a net exporter of lng in ten years the australian govt knows how critical getting proven gas resources to market asap is.

This js why the current es lease extension is taking into consideration the commercial bid of meo re ts. The es partners will need to demonstrate a clear path to market as part of this assessment process.

Lots of patience still required as most likely nothing to materialise this fy unless the chinese come out and take a conditional equity position or a TO comes into play...

Adl