Interesting news on CSG in NSW. AGL winding down their CSG production near Sydney and pulling out of Gloucester. In QLD, AGL selling their CSG assets (gas production not promising). I expect Santos to put on hold their CSG project in Narrabri, NSW.
That leaves Santos to hopefully go full speed in PEL513 (60% STO,40% DLS). 4 explorations to be drilled soon in PEL513. Could b good outcome for BPT/DLS.
Also in SACBJV (20% BPT), gas in storage right now will be sold to GLNG. This will free up money without having to come up with capital spending.
DLS Price at posting:
53.5¢ Sentiment: Sell Disclosure: Held