I thought I would start a new thread. In today's AFR, there was...

I thought I would start a new thread.

In today's AFR, there was an article talking about Leviathan and how the Israeli govt has not yet passed the legislation to allow for gas to be exported. The article also mentioned that if the legislation is passed, the % may drop from 60% to 40% of the gas reserves that will be allowed to be exported. The article questioned whether this makes Leviathan still viable for an export facility.

So we have
a) Sunrise in the "too hard basket"
b) A question mark over Leviathan
c) Myanmar is on a LLT, and I am discounting it for the time being.
d) Browse going to FLNG, but all the indications are that production would not commence till about 2020.
e) Laverda oil is still progressing (I think I have the correct name)

I can now see why WPL is starting an exploration program for Pluto 2 at the beginning of next year. It would seem that almost all the other options have some varying degrees of risk with them.

Have I missed anything?

WPL as a divi stock not a growth stock could be with us for a few years.

HT1