new policies, page-4

after utilising my awesome google maps skills. I've determined that PEL456 (Upper Hunter), 1 of the 3 key Dart NSW targets and currently being drilled by Santos as farm-in, will not be seriously affected by the bans. It looks like AGL is going to bear most of the impact in the Hunter and MEL in the Clarence Moreton. Between Murrundi and Gulgong, i can only find 2 horse stud farms and 1 vineyard. Mind you, i don't know how many of these breeders list on google. Fingers crossed DTE escapes with minor write downs. AGL is already talking $200m in writedowns. STO just confirmed it signed customers at $9/gj. That's already double current prices.

It's funny how things turn out. 3 months ago MEL and AGL had the prized locations due to their close proximity and consequent lower pipeline dev costs. But i guess sovereign risk always hurts companies the most.

Let's hope the CSG bosses managed to talk down o'farrell