The greenness of the CSG is a real benefit, but the more important thing is that it is an alternative energy source that can only become more valuable with time. Orgin have announced the development of a new CSG fired power plant in Qld. This will provide others in the infrastructure industry a clear commitment to CSG usage.
NSW is planning a new power plant and it wont be coal fired - this will be the main catalyst for the developement of the CSG sector in NSW and Gloucster given its proximity to major area will be one of several that will be developed and benefit. And also remember gas usage in NSW is very low in comparison to Qld so there is significant room for growth.
Slowly but surely it will grow and more interest be generated. Take it as a compliment that many here recognised the potential of MPO before the general public.
Once the options are out of the way and that aint to far away, investors will focus solely on the shares and show renewed upward tracking.
Remember more news is on the way from various areas - south africa, china, glouscter, china. once there is a cashflow, particular from china and its wells in Australia, should start seeing more re-rating upwards.
the next 6 months will show extremely succesful gains (and there will be down periods) for the holders at christmas and in the ASX 200. whether it is 50c or a $1 only time will tell.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
