market understands that for STO to develop suffiecent gas to feed both dom and GLNG - will require additional spend in CB, plus the development of CSM in Narrabri ........
IER for old easternstar - circa 3bn ......
plus whatever you think the development spend is for tight gas in the CB ..
having said that - if oil continues (and hence lng prices with circa 3mnth delay) - then STO will be ok .......not great - but ok..
will need farmers / nsw govt to "approve" social liscence to operate ..
or - there are abt 3 smaller co's - that STO could "knock" on the head .....
rgds
V_H
STO Price at posting:
$4.66 Sentiment: Hold Disclosure: Not Held
