These figures are encouraging when compared with the CTP...

These figures are encouraging when compared with the CTP production costs.  

Sinclair Knight Mertz Gas Market Modelling 15 Oct 2013
mce-anchormce-anchorTable 5   estimates of gas production breakeven costs

	Column 1	Column 2	Column 3	Column 4
0	Basin​	Joint Venture​	2P​	3P + 2C​
1	Gippsland, Longford​	BHPB, Exxon ​	$3.50​	$4.50​
2	Gippsland, Orbost​	Nexus ​	$4.00​	$5.00​
3	Bass​	Origin, AWE ​	$4.00​	$5.00​
4	Otways, Minerva​	BHPB, Santos​	$4.00​	$5.00​
5	Otways, Geographe​	Origin, Others​	$4.00​	$5.00​
6	Otways, Casino​	Santos, Others​	$4.00​	$5.00​
7	Cooper Eromanga​	Santos, Beach, Origin​	$4.00​	$5.00​
8	Cooper Eromanga​	Others​	$6.00​	$6.00​
9	Sydney​	AGL​	$5.50​	$6.50​
10	Gloucester​	AGL​	$3.50​	$4.50​
11	Gunnedah​	Santos/TRU​	$3.50​	$4.50​
12	Clarence Morton​	Metgasco​	$6.00​	$8.00​
13	Bowen​	AGL/Arrow​	$4.50​	$5.50​
14	Surat​	APLNG​	$3.50​	$4.50​
15	Surat​	QCLNG​	$3.50​	$4.50​
16	Surat/Bowen​	GLNG​	$3.50​	$4.50​
17	Surat​	Arrow Energy​	$4.50​	$5.50​
18	Surat/Bowen​	Second Tier ​	$5.00​	$6.00​

The Gippsland Longford costs are probably under the real cost when we take into account the point quoted by Ravi.