Grebmoolb - my reading is Beach's destiny lies in their own hands. Yes, a Shale Gas JV with say a Santos or the big international boys would advance everything nicely, but I don't think they can be forced into a wholesale sellout. The continuing oil discoveries in CB and now Egypt gives them a lot of leeway. Clearly the further down the road to derisking the Shale Gas, they go, the better it is for all LT holders, as it increases the cost to anyone wanting a piece of the party.
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