I believe strongly for both WDS and STO LNG and Australian domestic gas have strong futures, the reality is that gas is needed especially on the Aust East Coast, WDS now participates via Bass Strait and their Partner / Operator Exxon Mobil is going ahead with 2 new/ Extensions to gas. STO has the Cooper basin along with Parts of QLD, these 2 WDS & STO need to move full steam ahead to supply gas either through and Gas to Electricity. Having said that its very disappointing that CBM Reserves in Northern NSW Casino area, Gas around Camden/Appin areas are not being developed, for STO the constant delays regarding the Narrabri Coal Bed Methane project is a disgrace, Look at the difference between the huge and fast development of Guyana`s Oil Offshore Project, its taken Operator Exxon Mobil 5 years to build and produce Oil from deep water Offshore Guyana which had No hydrocarbon industry! , compare to Narrabri ( over 8 yrs and on Land) and WDS NWS ( over 5 yrs offshore)
WDS Price at posting:
$23.81 Sentiment: None Disclosure: Held
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