and at $2 per gj for wgo...brokers say its cheap and big boys...

and at $2 per gj for wgo...

brokers say its cheap and big boys will come over the top to pay more...
how far will lng canada push the montney?


We must remember that the bid for WGO is for the 50% non-operated interest in EP469 which holds the West Erregulla field (422 PJ 2P Reserves, 30 PJ 2C Contingent Resource), of which STX is the JV partner and operator. Any major bidder for WGO would likely have STX as the end game target,which would include STX’s raft of other Perth Basin gas assets.

We potentially wait for gas hungry Santos, Woodside and the other NWS Karratha Gas Plant participants to enter the ring looking to secure gas for their existing operations and to fulfil contracts, but also for growth. Discovered gas onshore in an emerging basin remains a cheaper option compared to risky and expensive offshore exploration.