ivor rees joins the 'baseless rampers', page-3

Sorry db, typo.

Ivor Ries.

And yes, you have heard of him. You are not as uninformed as you like to make out. Perhaps sign up for the free trial on Eureka and you might like to read the whole report?

Consolidation means the majors projects buying up the remaining independents - ESG, BOW and MEL, not the major projects merging (which seems increasingly unlikely). Santos does not have the gas they require. Neither does Shell. Neither does BG.

These majors do not invest $16 billion to get an 11% return. The money is made via scale, on Trains 3 and beyond - the 'Money Trains'.

So the second round of consolidation means the majors taking over those independent CSG companies who have proven reserves. Pretty radical idea, huh? Smaller companies going up the foodchain by being bought by hungry majors who do not have enough gas...

Yaq

And yes, I had a funny feeling you might like to reply, db! lol Can't have anyone buying ESG now, can we? cap cap capping...