The article simply states QLD govt commitment on Gas and the grants for exploration of 21m previously discussed. It states the focus is on Galilee and Bowan basins Interestingly these are the two basins that Comet have all their acreage and Comet still hold the record for the highest flow rates achieved in Galilee so i think they are a good chance to get money for both IMHO In Galilee there are only two exploration companies , Comet being one of them
Spoke to company today and confirmed full steam ahead on Mahalo - very active to complete pipeline deal. and GSAs to follow
STO GLNG gas a focus for Santos
The exciting part is everyone is sensing the Govt shift towards gas with Bowen talking about the need for new Gas fields
Comets time has finally arrived... next two quarters will be transformational The big question is will Santos pounce ... I cant see why they wouldn't although its probably best for us if they dont .
COI Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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