BPT has gifted its uncon JV asset to ICN. BPT not going to uncon...

BPT has gifted its uncon JV asset to ICN. BPT not going to uncon anymore. Even in SACBJV which it now effectively has 33% after buying Lattice Energy from the unlucky Origin Energy, BPT will opt out if STO decides to throw money on tight gas.

There are no plans to drill tight gas in Cooper by STO!

From the AFR:

The ever loquacious Gallagher introduced his latest investor day briefing on Thursday with advice that Santos had lined up transport agreements that will unlock up to 300 petajoules of uncontracted gas in eastern Queensland before describing how that new resource would be swapped with more distant supplies to reduce delivery costs and allow the driller to extract maximum value for its molecules.

The potentially virtuous circle of benefits earned from Santos' latest initiative in portfolio management starts and ends with the relative proximity of this new gas to the GLNG plant that Santos operates on behalf of its joint venture partners.

The unconventional Combabula gas, which would likely be more expensive to extract that the conventional Cooper stuff that it will replace, will be delivered at a competitive cost to the joint venture's gas chillers because it will travel much less distance in other people's expensive pipelines.