"The problem is being a declining basin I'm not sure if many buyers would be willing to bet on long-term utilisation of the infrastructure (ignoring any unconventional sources in the future)."
Can you point to any literature that backs this up. Does this take into account the deep wet gas leads that many have been chasing. There was another interesting slide in that guys talk that showed production from conventional gas in the US against the unconventionals. The conventional production when netted together made the unconventional plays look like pimples. I suppose that's seems surprising because we've had to swallowed the unconventional propaganda for years.
Eshmun
DLS Price at posting:
50.7¢ Sentiment: Buy Disclosure: Held