ok, some negative feedback then. But I think your focussed on the wrong issue.
The AGL contract is not a problem in my book - WCL already have a reserve to cover the entire unmet demand till 2015. So even if they don't produce one Gj it doesn't affect them materially.
So what happens after 2015? They've then got hundred's of Pj's of uncontracted gas looking for a home - right at a time when 3 major LNG projects are ramping up. Or they sell it domestically at the touted $6/Gj+.
I don't think current production is all you value WCL on. Stil very valuable to anyone chasing reserves, be it LNG or domestic supply.
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- hey agl - wcl can supply you with some gas
ok, some negative feedback then. But I think your focussed on...
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