Check out the excitement in the ADE forum!!!
Nearing completion of second well in 218. They have 20% of shallow section, ICN has 33.33%, they have 10% of lower section, we have none of that. They have 20% (possible) of 855 and ICN does have 80% of all of 855.
ADE SP heading north strongly, maybe that drilling (with BPT) is starting to move our SP. Keeping in mind that Chinese said that they expect to get their j/v finalized midFeb/March and expect to get all government approvals soon after that is completed. Maybe we will hear something about that soon.
RJ might even "take a punt" (oxymoron) and commence drilling Lydia.
See BOW very happy if more projects proceed in Gladstone to "give them a better chance of selling their gas" that they have spent millions looking for.
My guess is that the existing confirmed projects will much prefer to fill their plants with signed contracts, i.e. GSA's, than having to buy the gas and do all the selling.
Coincidentally, I understand that Santos is "short" of 100% capacity by exactly the same amount in ICN's prospective GSA!!
Am very much looking forward to next 2-4 weeks.
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