we had a USA announcement yesterday? You are right in that USA is the prospect that will give more immediate cash flow, however, I think it is very important to the market that STX not be a one horse race. I also feel the scale of the CB prospect will be a major driver of value in the future. CB was due an update and I am happy to recieve the announcement today and confirmation that perspective resurce estimate is considerably higher than previously thought. I live in northern NSW and the anti CSG movement is strong and loud, very loud - the push to derive gas from locations outside of farming areas i.e. CB is a major positive for STX I believe.
News from the US will flow in line with the timetable set out in yesterdays annoucement as frac and testing restults come through.
Happy to get positive annoucements from both at any time.
we had a USA announcement yesterday? You are right in that USA...
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