market understands that for STO to develop suffiecent gas to...

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