"Last weekend Shell's local MD was quoted as saying she has an...

"Last weekend Shell's local MD was quoted as saying she has an "expansion team" already planning train 3 in Qld and looking at other assets."

H,

unless I am mistaken, that was Catherine Tanna from BG.

Yes, there is some seriously big money interested in further M&A in East Coast coal seam gas.

Also note in today's The Australian that ESG's neighbours at Kooragang Island, Orica, say they are looking for further acquisitions. Not such a big leap to think that the state's biggest user of gas might want to buy an equity share in the company who holds the biggest 2P reserves.... There is vertical integration, and synergies at Kooragang Island itself... that land purchase may prove to be a highly strategic asset.

Yaq