Worth noting that the Australian Domestic gas outlook conference 2015 is being held in Sydney from today until the 26th March.
Orica Global head of supply - Tony Edmonstone spoke today at 4.00pm according to the conference agenda
http://www.questevents.com.au/content/qe0020-conference-day-one
and the caption says.....
UNDERSTANDING HOW DOMESTIC GAS USE IS CHANGING IN RESPONSE TO CURRENT MARKET CONDITIONS
16:00 Gas and manufacturing – threats, challenges and opportunities
Tony Edmondstone, Executive Global Head of Supply, Orica
- The critical role of gas as a feedstock and implications for industry of a rising gas price and gas supply uncertainty
- Understanding Orica’s east coast gas market strategy
- Examining the Orica and Strike Energy deal and its significance for Orica
- What opportunities are there for the manufacturing sector to better engage with the gas sector
- See more at: http://www.questevents.com.au/content/qe0020-conference-day-one#sthash.mBT4WajX.dpuf
"Examining the Orica and Strike Energy deal and its significance for Orica" - sounds pretty bullish to me !! If it is a "significant deal" for Orica then I would think it is a good chance the funding shouldn't be an issue.
Time will tell of course but that is fairly strong language. It would be good to be able to hear what was discussed, so anyone out there that may have been at the conference, or could get their hands on the conference notes then please put them up here.
Hopefully STX management may put out to the market if they deem it useful information.
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