also, direct supply to lng canada isnt the issue...lng canada will take 3-4 bcf out of the local market...and so a rising tide will lift all boats, as it did in qld and elsewhere
the recent vermillion leucrotta a$510m for half property and 28k boepd deal shows the recent commercial interest/value
obviously recent gas and condensate prices make these desirable projects for $ returns, and both have only firmed higher since the leucrotta deal
on lower gas and condensate prices, Vermillion quoted >c$200M annual FCF from their 28 kboepd project plan, peters summary show ce1 22-24 kboepd project at current prices, thats likely >c$400m annual FCF
to get to production, I think Freeman mentioned $12-15m to do the pipe, so maybe minimum $20-30m to tie in and startup small with pre-drilled wells to hold leases
as ce1 announced, they could probably do a cheap deal tomorrow...but how long do you wait for the right deal???
(20min delay)