triage,thanks for those snippets mate. awesome.BOW holding on...

triage,
thanks for those snippets mate. awesome.
BOW holding on such a crappy day gives rise to some optimisim. Maybe its worthwhile studying again in detail why BOW might be worth a solid punt. I just want to hear about gas break through and progress on the pilots. Is that too much too ask :(


jt,
LNG have stuffed some more time under their belts adn extended the lease on the 3mtpa site by 12 months. I think they announced this last month.

LNG grabbed a 5% stake in MEL last year pushing the sp into the 40s.

BOW and LNG both unilaterally terminated the discussions on commercialisation about mid-late last year.

Shell might be looking for additional reserves. All of the Surat high margin stuff is gone - not out of their reach - but in the hands of much larger multis.

Shells options left are:
BOW
MEL
BUL
WCL
AGK

Interestingly, Shell has substantial positions in the Clarence Moreton and Bowen basins that are adjacent to all of the above players; with the exception of Westside. Westside is more likely to strike a GSA with BG I believe.

BG has been certainly transmitting that while they are interested in more offtake deals, they are less interested in establishing upstream fields and might prefer to take 3rd party gas. I think its still a possibility that they might be acquisitive as it is in their interest to communciate otherwise.

Cheers,

SF