Ok lets say they finally get to the point of fraccing, passing all Native title negotiations, community concerns, gov and environs... Lets assume this point is now.
Well, they prove up the reserves and they have to process it somewhere and that somewhere is not going to be too far away from the location of the well.... and why do I say that... Simple, because the coast is right there and that coast provides the ability to supply the asian market (if that is where the big bucks are).
You MUST process the gas before it goes on a ship for a simple reason, processing it will compresses the gas to 1/600 the original size. Its incredible what a bit of compression and freezing does to a gas.
Thats IF they get to the tracking point... who knows.
BRU Price at posting:
$1.55 Sentiment: Hold Disclosure: Held
