I guess STO are producing - have contracts in place long term and as a result are less effected. we however have had that at this stage we don't seem to know what it will allowed to be sold for. The upside is that we have it and it will be worth more to someone than plugging holes in the ground scrounging around to find some. So possibly a case of short term pain and a much larger gain than first expected. Who will want to spend on hopes and dreams when they can just buy a proven gas field/s. Management are smart - certainly smarter than the Government though that isn't saying much I guess. So let's just leave it as Management are smart.
Looking forward to see how this plays out.
COI Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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