GAS: It looks like they have the resources and the infrastructure [nearby] to deliver it to market. Plus, further prospects. The market may perceive this as a worthwhile long term play. Cheers, U2
From Ann: "AVAILABLE INFRASTRUCTURE ACROSS EP 389 The Gingin West discovery and the nearby prospects are located in immediate proximity to both the Dampier to Bunbury Natural Gas Pipeline and, more importantly, between 2.8 and 4 kms to Compression Station 5 or the existing T piece access that remains in place from the Gingin-1 well on the Dongara to Pinjarra Pipeline (the Parmelia Pipeline). The Parmelia Pipeline has spare capacity. Both these access points on the Parmelia Pipeline have recently been significantly refurbished. GAS DEMAND AND PRICING Gas demand in Western Australia remains strong and it relies on gas as its primary energy source. Demand for gas in the Perth and South-west of Western Australia is forecast to grow robustly in the next twenty years. This current and expected gas demand environment creates an opportunity to sell gas into long term industrial and residential supply contracts."
SBN Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
