china and ng - ref, page-12

I dont disagree that the reasons behind some of the "gas glut" talk are not sound - I dont agree with the general alarmist sounds the media was making. I am sure it served some purpose though as it had people reading and screaming blue murder at the same time.

Dont forget CNOOCs upstream interest in both the plant and acreage.

BG have faired the best imo. I think there agressive attitude is setting them up nicely.

You would have to question Conocos move a little.

I am bitterly disappointed that we will not likely see another oil major come out of Australia through Arrow. I think Australia has the capital to support its projects and the wherewithall to back them and make this happen. We oft sell out to early.

Cheers,

SF