Yes, because it is gas mostly. And Australian gas is expensive...

Yes, because it is gas mostly. And Australian gas is expensive and going up. More demand for local use, due to a lot of gas now getting bought by Gladstone LNG plant to sell to Japan (because Japan closed their nuclear reactors).
I think they produce some oil, but now they bought huge gas assets with some infrastructure in Victoria, offshore. They did CR and it was oversubscribed with institutional investors. They already sold a lot of future production. Ready to grow production 20 times in 6 years
But I like low volumes and no hype on HC, just quiet accumulation by smart money, I hope