goodaye Nevman, yeh the UGS went all quiet! in the last Qtrly they referred to it - they seem to have changed strategies - i think the capex was all too hard to get comfortable with. they seem to be looking at using the UGS to store their own gas - i assume any extra gas from any successful fraccing of the Churchie wells. I am thinking that the liquids plant can only process so much, and that the extra gas can be stored and later sold.
why are we looking and proposing to spend up big in NZ, when we can use those funds to explore closer to home, in the new permits in the Cooper Basin? Plus we have a bigger % of the permits in C/B than in NZ.
cheers
MOS Price at posting:
8.7¢ Sentiment: ST Buy Disclosure: Held
