OBL appears to be in the "box seat" for supply of high priced $9/GJ east coast gas
3 development or strategic farmout/divestment options are now evident.
OBL has a large P50 position in strategic gas exploration in Vic/P41 nearby Cooper Energy's new Sole Subsea Gas Hub and undeveloped 2C gas and P50 gas potential in Judith Gas Field adjacent to ExxonMobil's new Kipper Subsea Gas Hub and undeveloped Moby Gas Field Location 2C/P50 gas nearby Santos' existing underutilised Patricia-Baleen Subsea Gas Hub - importantly all permits have modern 3D seismic and all risked 2C/P50 contingent/prospective recoverable resources are defined under PRMS SPE.
IMO - from a nowhere position a year ago, the Co. now offers the best leverage exposure to Gippsland Basin compared with its junior peers TDO and BAS (indicative Gippsland exploration asset mar caps).
.006 Close, page-8
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