I accept that Caterina is more remote, deeper water etc, but Woodside would have taken that all into account, and imho would only be drilling if if they thought that a discovery would fit into they fast track Pluto conveyor belt. Most of the big fields off WA have hydrate/flow assurance issues. It's simply a fact of high pressure gas with hydrate formation temperature close to 20 deg flowing long distances through 5 deg sea water. It's a matter of engineering. Supermajors are drilling in deeper water, and more remote.
Blurt, Has Petrobras ever said 12 tcf? Even CUE only say "the operator says" type stuff. Think about it.
A discovery at either would clearly be a game changer for CUE.
EL
CUE Price at posting:
24.5¢ Sentiment: LT Buy Disclosure: Held
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