Merits

GAS has prospective area with known geology, gas flow rate variations, and prospective volume sizes. Successful drilling procedures from Gunnedah Basin are being employed and proven locally. Jemena has accepted the data and committed to an MOU to begin now work on identifying pipeline route, landholder relations,etc., GAS is re-interpreting seismic,identifying drill locations,establishing stable flow rates, volume etc., GAS and Jemena are co-ordinating with view to confirming a binding MOU and delivering gas to east coast gas market 2022. During this phase of company development news flow about drilling.pipeline evaluation progress,gas market dynamics,regulatory re-organisation.pipeline gas transportation costs regime,will influence share market price. At the end of this phase of company development GAS will need more capital with implications for dilution of continuing share holders. Share market trading dynamics make this a complex stock for continuing share holders. Substantial insider shareholdings mute takeover possibility ?