There are four LNG plants in the wind for Gladstone. Without...

There are four LNG plants in the wind for Gladstone. Without checking I think they have been put forward by
AOE
QGC in conjunction with British Gas
SHG in conjuction with a Japanese firm

Cant remember the fourth but I do know that you need about 7 TCF of reseves to make it economic...it may be LNG, the company you quote.

There is of course going to be a shake out because in reality only one large LNG plant will be built.Already some of the bigger boys have been approaching the minors with offers to take over promising CSG acreage.And some larger fish are circling.

Roma and VPE are sitting on some excellent CSG territory and I fully expect the VPE/BOW Don Juan field to be proven up to at least 400BCF and the Roma/VPE Pl 171 field to be proven up at high levels. The target for this permit is a staggering 1176 BCF.

The mathematics of this is also staggering.That's why I have taken big positions in BOW, VPE and RPM (Roma ).

Even the Aussie Govt are geting behind it.

Have a read of the QGC file. The same is going to happen with BOW, VPE and RPM.