Very interesting Shaleplay, our new neighbours. I was looking through DNRM tenders, in particular 201718-2-4 (which we received) and 201718-2-5, wondering who go that (and hoping it was us again). Certainly reassuring to see majors moving in next door. The following is a scrap I found in the media, followed by the tender blocks we are talking about. We received the one on the left.
"Santos is pleased to have been appointed as preferred tenderer to explore new acreage in Queensland’s key gas-producing Surat and Bowen Basins, in a 50-50 joint venture with Shell.
Santos is the designated operator and is delighted to be working in partnership with Shell to explore this exciting acreage.
The PLR201718-2-5 licence covers approximately 400 square kilometres, located 19 kilometres east of the town of Surat (see map), and was released by the Queensland Government exclusively to boost domestic gas supply on the east coast."
AJQ Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held