I'm with @Michaeljob on this one the lower strength offers an excellent opportunity in Australia alone. When you consider there is 7 LNG trains in queensland and each train is going to need a well a day drilled for the next 20 years to supply it with enough gas to run that is a excellent sized market l. Then you have the Cooper basin in central australia which although Santos has cut back in the number of wells being drilled they are recompelting a number of older wells to maintain production. TheN you have Perth basin in Western Australia which is all tight gas which needs fracking.
All of the propant used in Australia at the moment is imported from China and USA. The problem with imported is the strength characteristics are calculated when the propant is manufactured. The longer distance you transport the propant degrades so the product you get at well site is no where near the propant that left the plant in USA or China.
So there are significant benefits for a plant in Australia.
LWP Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
