Could be anything coming with this one.
" In addition to State level discussions, the Company is assessing the benefits of making application for the Federal
Government Gas Acceleration Program (“GAP”) to facilitate the bid to fast track new east coast gas projects. This initiative
is administered by the Department of Industry, Innovation and Science and is directed at projects that can secure new
and significant gas volumes for domestic gas consumers located in target markets. Eligible activities can include:
Deployment of new technologies or techniques to lift existing and new well productivity;
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The opening of new gas pilot and/or production or exploration wells that are either in proximity to existing gasinfrastructure or can demonstrate a path to market;
Better utilisation of existing, or the establishment of, new gas processing, storage and transport facilities; and
Design, construction and engineering activities directly related to bringing forward new gas supply.
The Company has also commenced preliminary assessment of nearby infrastructure and commercial offtake
arrangements. Potential offtake routes and joint venture participation in drilling of conventional gas targets will be the focus of the next quarter as the title work program commitments are formalised
KEY Price at posting:
1.1¢ Sentiment: Hold Disclosure: Held