I don't post very often, but I must say, this bickering and constant flipflopping is exhausting. Nothing in this project has changed. Australia's need for gas hasn't changed. BPH's efforts in lining up all the right people/companies for the environmental report, well design, and CCS design hasn't changed. The only thing we are waiting on is approval, and once it comes (not if), it's all systems go.
I hate having to wade thru so much BS on this forum. Flambeau's post is no exception. $95 million is one hell of a figure to pull out of your backside. You are basing your figures on 11 year old data and assuming its the exact same. You are not taking into account technological advances over that time period that will make this venture cheaper. You are assuming absolutely no government support, even though this Basin can be one of the main sources for the country's natural gas for use domestically or export, and is a potential climate change treasure due to the CCS.
All the announcement did today is confirm what anyone with half a brain already knows. This project is on track, has strong fundamentals, and will get approval in time. Patience is key.
Can't wait for upramping Flambeau to switch on in another 2-3 weeks - I like the $6.32/share hype threads better...gas price is up, mind if you update it?
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