200 day Breakout Alert!, page-7

This might have something to do with it extract from AFR.


For all that, Mitsui arrives replete with muscle power and intimate connections in both international and local oil and gas markets. Importantly, Mitsui boasts a wealth of experience on both wings of Australia's rapidly evolving domestic energy markets. The Mitsui business that plans to own AWE is a 40 per cent owner of the Greater Enfield oil project that Woodside is building offshore of Western Australia and in 2015 it bolstered its east coast gas portfolio in spending $520 million on Santos' 35 per cent share of the Kipper gas project in Victoria's Gippsland Basin.

Oh, and AWE and Mitsui each own 25 per cent of the Casino-Henry gas project in offshore Victorian waters. That project is half owned and operated by Cooper Energy and readers of this column recall that we hold Cooper Energy's low-risk, high reward plan to add liquidity to domestic gas markets in very high regard.



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