Nappamerri Trough Natural Gas Project, page-3

What an outlandish comment from that poster, who has for years on multiple forums emphasizes the importance of research before jumping to such conclusions which he has just made.
What Beach has stated is specific to Beach and to their long suffering shareholders, rationalizing why Beach are wanting an excuse for leaving an area in which Beach and its shareholders have sunk hundreds of millions of hard earned cash over many years, mostly wasted.
Beach did a shocking job in PEL218 (PRL33-49) and their whole programme was a financial catastrophe, and that "high capital cost to commercialize" is based on Beach's experience and, with the new CEO's review of operations, it stood out like the proverbials that it HAD cost Beach shareholders an incredible amount and his deduction is fairly based upon Beach's experience. Any open minded new CEO would have come to that very obvious conclusion. The POO has given a new CEO the perfect and timely excuse to exit that disaster. Any new CEO would do the same and watch him ditch many more imprudent decisions made by the previous managers.

Chevron nearly walked before they commenced work on APT855 due to what happened in PEL218 and that, with the intervention of Icon, precipitated the sacking of the works team that Beach had employed and the hiring of Condor Energy Services to take over the actual drilling and stimulation in APT855 which, compared to the mess that was Beach's programme in PEL218, went through highly successfully.
THAT, outcome is what the "commerciality" of APT855 should be based upon, not what happened to Beach, and I still strongly believe that Beach's interests in APT855 would be the subject of high level discussion to enable the necessary work to prove up APT855 in the next stage to proceed ASAP. The precarious nature of supply, which is patently obvious not to improve without further discoveries, further necessitates the urgent development of fields such as the Nappamerri Trough.