Am I right in believing the pipeline referred to also runs through OIP territory? if so, given the positive reception by ESG holders, would it not also be pertinent (indirectly?) to OIP? Is this good news for us and may signal a future rise in SP - if good reserves are located on pel 6 and others?
ASX RELEASE 14 October 2010 Page 1 APA Group notes Eastern Star Gas announcement APA Group (ASX:APA), Australias largest natural gas infrastructure business, notes todays announcement from gas producer Eastern Star Gas on the progress of its arrangements for the export of LNG. APA Managing Director, Mick McCormack said We are pleased to be building on our relationship with Eastern Star Gas for the future transportation of their coal seam gas to markets. In addition, we look forward to expanding our relationship with Marubeni Corporation in relation to ESGs proposed LNG Newcastle Project. The use of APAs existing New South Wales pipeline infrastructure combined with new infrastructure will provide timely and cost‐effective delivery of indigenous New South Wales gas for this new market.
OIP Price at posting:
4.2¢ Sentiment: LT Buy Disclosure: Held
