It would appear that Jemena sure do a lot of work prior to a...

It would appear that Jemena sure do a lot of work prior to a FID. They stated in their July Project Newsletter #5 that the first pipe had been produced in June.

http://jemena.com.au/documents/pipeline/negi/newsletters/newsletter-issue-5

And then according to RC’s Roadshow presentation released on 20 Sep (Slide 2) the pipe is starting to be delivered within 30 days, which is next week.

Might be a little expensive for Jemena to pull out now I suspect.

As for content for the above report;

“Project Engineer James McMahon was in Tennant Creek this week inspecting the proposed Phillip Creek Compressor Station site.”

This was lifted directly from Jemena’s Project Update of 16 Sep 2016, and can be found at the following link (which includes a pic of young James): http://jemena.com.au/documents/pipeline/negi/project-updates/project_update_16-september

And for the comment about CTP’s balance sheet being connected to a lack of gas contracts, would suggest WoodMcKenzie commit more than a grad to their research, and they may realize that RC has stated on numerous occasions he wouldn’t sign a GSA until the pipeline tariff issues he is currently fighting pan out.

Also Gov, although I appreciate your more positive tone these days, balance sheet has little to do with market cap/ share price, but how much available capital they have. Adding to their balance sheet requires either 1) More revenue from oil/gas sales (happening, but slow); 2) Greater valuation of assets (requires reserve upgrades); or 3) Capital Raising (which I suspect nobody on this forum would want).

It’s all quiet on the home front at present, and historically that is what typically precedes RC coming out with a surprising announcement…