towie - you are on the money.
of the lng plays, sto is currently in the best position as they can feed any csg shortfall with cooper conventional and/or unconventional.
with the negative seniment from qld public, the big players are seeing the writing on the wall. csg in qld will not be developed to the full scale that was originally envisioned.
you've got bg already in agreements with DLS for cooper acreage. picking up beach would be a very strategic move. i think that the original vision to develop csg has been squashed a bit by the political and social reality in qld and cooper is THE place its gonna come from. there is loads of gas there and no-one will kick up a fuss because its not in anyones backyard.
sto is currently sitting pretty with its csg and cooper acreage. the other lng players will need to find more resources to feed their projects or face buying it from someone else. imo, bg or shell will take out beach if they get their unconventional cooper gas proved up
all imo
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