I am not so sure it will be snapped up. The capital intensity of...

I am not so sure it will be snapped up. The capital intensity of this project compared to others will be that much larger. With a lot of the majors already having significant capital committments, you must wonder how much juice is left in the tank.

There are possibly some fresh faces for LNG and CSG still to come so I suppose there is some scope for further updraft; I just think the focus will be on the current acreage in Eastern and Southern QLD.

The Galilee is infrastructure poor, it is remote which adds to your personnel operating cost. It does have a few strong drawcards though; it is vast and pretty continuous from what I have read; it is unproven in reserves so upside is there, it is completely uncontracted.

Maybe you guys should do some research on what makes a CSG project viable so you dont just have to follow names around. Quality of resource is far more important in my opinion. The knowledge base that is out there on how to exploit is getting pretty mature which means that almost 'any old joe' can get out there and have a go. Not that simple I know :)

Cheers,

SF