As I understand so far the oil fairway conventional wet gas...

As I understand so far the oil fairway conventional wet gas discovery is one of the BEST SPOT in the whole Cooper-Eromanga basins. It's also a stacked reservoirs.

Regarding to the first interview of BL, He wanted to commercialise that wet gas.

It's a big mistake for JVs, not to do so.

Perhaps BL does mean about UNCONVENTIONAL.
It's high cost, high CO2 contents, not a liquid plays and not priority to think about its commercial in this low price environment.

Unconventional price
Cpt $4 GJ report said
Stk $8-10 GJ one of a poster said
Icn .50c GJ Macquarie said in UGAS report
Rle .6c GJ (conventional but it's a tight reservoir and it does need a proper stimulations to achieve a good flow rate)

Even at the cheapest price in NTNG was still NOT considered as commercial.
BL also said Eromanga is not a theme now.

Why should Origin spend $20 millions to frac a vertical well and $40 millions to frac a horrizontal well in NT. Origin just simply want a LIQUID PLAY. That’s where the extra money from.

Even though the Drover well in Perth has condensates and good gas show but the JVs (Awe and Titan) said it's not worthy to develop and un - viable for commerciality.

That’s why Awe said It concentrates to commercialise its CONVENTIONAL stacked reservoirs in Waitsia field.

Unconventional is just a game to prove up a 2P reserves for a particular field.

Santos is a master minded, a king of CB. It just leave all the risky games to junior players while enjoying a CSG production and Conventional sources from the CB.

I'm fully persuaded that Unconventional should be put underground (STO said last year)