Just as Ned was willing to put up the good fight back then there is a similiar set of parameters in terms of the Shell conditional offer.
This is our gas on our land and is well advanced to be the prime mover in respect of the export market but there appears to be a complete lack of insight to domestic demand.
The Australian reports to-day, projections from ABARE (can't popst as I am from the 20th century) in the domestic arena which shows the likekihood of gas as a proportion of energy sources going ahead. It highlights the prospect of domestic demand and this was witnessed by the announcement in Chinchilla yesterday of the replacement of diesel with LNG at a soon to be commissioned gas plant in the town.
For generations Aussies have flogged off the farm for trinkets and blankets. I had hoped the disgraceful Bjelke Petersen era was well passed.
We have a sound Australian company at the vanguard of a new paradigm for energy creation. The disgraceful Shell offer shows massive disrepect for us natives who maybe are not all in the race to get the biggest bang for their bucks in the shortest possible time frame with no regard for the future potential for this company both internationally and domestically.
I ernestly hope that the Board tells these carpet baggers to bugger off and continues on its way to maintaining a solid Aussie prescence in this industry of the future.
In the gas riches of the North West shelf there is only one Australian company left standing to share in the spoils and that is because a futuristic pollie called Costello told Shell to bugger off when they sought to take out Woodside.
If the Board follows through and rejects tis offer the share price will retreat in the short term as did Woodside's after Costello's interrvention but baby look at it now.
People who also wish to defend the farm can email their sentiments to the Board but if we meet the ultimate demise which confronted our Ned then sall I can say is "such is life"
AOE Price at posting:
$5.29 Sentiment: Hold Disclosure: Held
