sellers thinning

Perhaps yesterday's GOC presentation has now been read by more in the market and the prospect of LNG out of Newcastle is settling into people's consciousness. There a nice little 250,000 bid at 99.5 just waiting to accumulate. The "approvals processes" mentioned in the presentation would I assume have to include development plans for gas processing, pipelines and new frontier gas based industries like GTL and LNG.

Once something of this nature is announce d the whole CSG scene in NSW will change dramatically IMHO .. and we will then truely be headed towards Santos's "Qld in NSW" scenario,

H