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Ann: West Erregulla Update, page-28

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  1. 474 Posts.
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    I'm hoping we're getting an update between now and the end of the month which should comment about the progress of activities on the Jaws program.


    Gas easily available to the eastern seaboard via existing infrastructure and pipes is currently much more lucrative than discoveries at the West.  However, that said, any gas discovered in the West is also lucrative just not to the same degree.


    I'll be honest, although I do want to make as much money as possible from a Jaws success; I also do care about Australia and the plight of the people and industries in the eastern seaboard.  The eastern seaboard needs gas and needs gas now and for decades to come to stabilise the markets; increase capex on businesses potentially investing and creating more jobs (businesses that use gas).  And to just get rid of the anxiety in the eastern markets.
    It will lower green house gas emissions compared to coal if the price is right.
    It will stimulate the whole economy!

 
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