A.F.R. today. Santos predicts gas shortage in eastern states due...

A.F.R. today. Santos predicts gas shortage in eastern states due to CSG restrictions. One interesting paragraph.

"An estimate from Bernstein Research has gas prices in eastern Australia doubling to about $8 per gigajoule over the next three to four years."

Makes C.B. shale gas even more valuable.

Speculator. Very good question. SXY are doing a great job and would certainly be interested in more North C.B. involvement. Just IMO, don't think that they could outbid the bigger boys at this stage with a SP of less than .70 and a market cap of $750 mil. Would need to be VERY lucrative. But, could be interested in a j/v. Just think that there are much bigger fish with a bigger goal.