The only time I see red is when bg wants to put a sting on CTP drilling campaign full stop.
Where would we be NOW if way back in July BG played honest.
At least 3-5 holes this year alone DONE.
The only certainty for green now is for BG to come on board FAST even though they have about $15 billion dollars in other projects in Australia at the present.
However as the oil and gas markets still seems topsy turvey with many major sheeding 1000's of workers worldwide we can only perhaps pray for a miracle now.
Thank God we have at least CHINA on a good roll for modernization, industrialization and was it 40% reduction in greenouse gas emissions by 2020.
Now that is only about 10 years away.
What would they need to do to achieve this figure or come close?
Perhaps stop coal usage for one and start using cleaner LNG, Clean diesel, nuclear (needs helium of course).
Now come BG you know CHINA well considering now about 50% of your trade appears to be heading that ways. Use some of those meager millions to completely set yourselves up for the future. Not just from eastern cbm resources but perhaps from the worlds BIGGEST (once they are drilled and verified).
All signs are that thats where they are - Central Australia
- the last frontier for major energy resource discoveries.
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