Now we can see the extent of investors buying into ICN for the Wakefield well plus no new news on ICN's main CBM game.SP drifting lower. There is no doubt that we need to sell additional gas beyond the Stanwell deal. Pressure will mount on ICN to enter into new gas sales contracts because time is of the essence for short to medium term value creation.
Let me be plain and simple here.The LNG and CBM domestic gas markets will be satisfied in a year or so and after that there wont be many big contracts for at least ten years.
I really hope that ICN are not reverting back to the old times where little is announced for long periods.This only leaves investors to assume the worst.
Update due now Mr James.
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Now we can see the extent of investors buying into ICN for the...
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