I'm no expert but I think it's all about the liquids. Initially the flow rates of gas are high and that will lift the liquids or condensate. Good amounts of condensate give a short payback on the development costs and hence long term value from the gas. It's a wait and see on the amounts but all indications so far are good. The other thing I like about BPT/ADE is the pipelines/storage facilities are already built. LNG - Beach are looking at but Santos must be looking seriously looking at the Cooper Basin developments as potential supply for their projects
ADE Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held