What the hell, page-35

Most of wet gas 2P is in PEL106B. Hardly anything promising in there. It is more a liquids story. Gas sold as raw gas and commands low price. The companies that made money out of shale gas in US is those that bought and flip the shale gas assets to the mugs like BHP. Same business case for wet gas in Cooper Basin. Santos holds the best cards. Drillsearch has no great business model on its wet gas business.