g12m0, I dare ask again, are you serious? STO farmed into...

g12m0, I dare ask again, are you serious?
STO farmed into arguably, DLS most proven Wet Gas tenements... so when DLS gets it price for gas, it will be getting the best price possible, as STO will also be selling... to itself.

Now for DLS other Wet gas assets like PEL 101, I agree, gas will most likely be sold at a slightly less optimal price, that being said, some recent agreements in the Cooper, BPT and SXY, have had prices linked to international benchmarks. So IMHO, the discount will be fairly small.

As to your point about DLS actually involving itself in the development stage, the Middleton plant is going to be the blueprint, hence, no new tech, just copy and paste (so to speak). Your inclusion of CTP is just ridiculous. The companies are worlds apart.

Lastly, DLS is partnered with BG Group, a company that is directly involved in LNG within Australia (20+ Billion on Curtis Island), plus it is in turn, partnered with Origin (who have a 20% stake in Moomba) plus little old ConocoPhillips and Sinopec. These are just some of links that may further assist DLS in ensuring they have a strong seat at the table.

I do appreciate your point of view to a point, as in investing it never hurts to be more pessimistic than optimistic.