In all the great comments and analysis these last days about our SP, new partner and potential suitors .. a thought keeps nagging .. as to why we are having trouble lifting the SP .. despite the implied smoothering effects of some players.
Whats nagging me is we still have no timetable to build any gas piplelines to either the eastern markets or north.
I work for an agency that just loves its jargon and in todays climes they'd say .. we have no PATH TO IMPACT!
While I usually cringe at and deried such MBA induced managerial speak .. in our case it's a truism.
In watching the QLD CSM market develop it always seemed that pipeline development happened in tandem .. the state seems crisscrossed with them .. and I'm sure that was a factor in the strength in the qgc, pes and sunshine rallies.
I thought (is it), APA are mou'd to develop the tamworth line tie in .. but there was never any mention of a date.
Holy made some comments a while back about the option of a feed line into the southern Surat.
One of the broker statements in recent days suggested they thought despite the inevitability of large reserves upgrades they still saw little scope for commercialisation.
I assumed that opinion is framed around the disconnect of assetts from markets.
Some time soon we need this gap addressed .. else any bidding war will be less than it could be.
Its been discussed before but since the development last week I'd be interested to hear your thoughts
sg
ESG Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
