Hi Antiques, Thanks for sharing your wealth of knowledge. As usual, I'm always interested in your suggestions/opinion/options as they are balanced and not emotional. I think somewhere between our options we will have found the path forward in this current climate that will benefit all stakeholders. I say current climate as we have many headwinds that as a company we have no control, including the aforementioned and to add one more, the current spot price of LNG which is around $3.00GJ. My understanding is the cost of getting our gas out of the ground and to the market is approximately $4-$5 GJ (Comet would be one of the lowest cost csg producers at this price) so to supply an LNG market we would be losing $1-$2 per GJ. Now I'm no economist but I think this would be a poor business decision. However if you had contracts in place the price paid is significantly higher so our gas would benefit one of the larger players in this sector with contracts in place. Just my opinion again.
COI Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
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