I was just looking at the AGL half yearly presentation and in the section concerning Qld gas it gives a bullish assessment of recent contract prices being struck at $10 gj and then it states "Discussions in progress to purchase additional supplies for AGL portfolio with delivery commencing in 2017 / 2018"
Either that is Arrow or it is WCL. AGL are already in partnership with Arrow on many fronts so I'm not sure why Arrow would want to sell gas to AGL so they can simply take the cream, however it makes a lot of sense to strike a GSA with WCL which is flexible yet solid enough to help us get funding. If AGL can sell the gas for $10 and we're willing to accept $7 or thereabouts it works for everyone."
If it isn't AGL then my next guess is STO
WCL Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
