Probably worth a listen - sell the gas before drilling it., page-2

Good find Smallfish.

Why will Beetaloo succeed?

JR sums it up clearly:
1. We have the highest quality rocks - world class
2. Domestic structural short supply which will enable us to drill first 100 wells to satisfy near term term demand > enable us to better understand type curves, drilling efficiencies, completions
3. Best frac tech and capabilities

Underpinning this, LNG opportunity:

1.$75bn of gas infrastructure in Australia that’s running out of gas. Compelling LNG pathway.

2. Australia is relied upon by Japan and S Korea for energy security.

3. Geographic proximity

Financing:

1. NYSE IPO - access to deep debt and equity markets, significant expertise in shale and LNG

2. Near term: as we get closer to pilot production, farm-out with an IOC, ideally Australia-based (Shell, Conoco, Santos), East coast, need to back-fill LNG supply. Post the well test which we will be announcing shortly, start farm-out process. Non-dilutive, de-risking reserves. Aiming to book 7-10 TCF > $7-10 billion of value, shared with farm-out partner. Over 24 months. Underpin east coast pipeline financing.

3. Prepaying gas volumes precedent in Australia. Non-dilutive.

4. Australia, unlike elsewhere, fixed price, CPI+ gas contracts are more like infrastructure contracts. Debt financing opportunities, infrastructure project investors.

Right resource theme at the right time.

Best opportunity for pure
play exposure to Asia-Pacific LNG short and long term. Building the next large E&P co with exposure to high margin gas focused on fastest growing LNG market. One of the biggest drivers in reducing carbon emissions in Asia-Pacific.

Positive force - energy security and emissions.