What the hell, page-46

I have high hopes that Drillseach wet gas assets will proved huge gas reserves. But I have to say I have plenty of misgivings on whether Drillsearch should be involve in developing the gas assets through the production phase. Just had enough on the share dilution that will surely follow. Just look at CTP now.
Drillsearch inability to sell gas to customers other than Santos is the weak point in Drillsearch Wet gas business model. Santos benefits most from what Drillsearch is doing with its wet gas business. Buying gas cheap from PEL106b then processing in Moomba to sell later for double the price. Of course, BPT also benefits as BPT owns 20% of SACBJV.