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Well the fraccings done! Some impatient people off loaded a few! Might be a blessing in disguise for them or a really bad decision and one they may regret come Monday morning or later through next week!! :biggrin:

 

The Company expects to carry out the flow back and test the gas flows shortly and will advise of the initial results as soon as they become available.

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  • 2 months later...

Not an eyebrow raised from yesterday's announcement! Had it been the year 2008!!

I'm quite happy, well happy as you can be with these types of play (oil/gas) that they maybe on a winner. Know in a week or two. As usual pdyor!! :biggrin:

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yes, there's a real disconnect (intended) in the market. Coooper gas seen as marginal at best, and they do worry about drop-off rates for fraccing

Bans on coal-seam gas projects would be relaxed and a "use it or lose it'' threat would force pipeline operators to keep gas flowing, under a national plan to prevent a predicted east-coast gas shortage that would cause prices to skyrocket.

 

State and federal energy ministers will tomorrow debate the ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­biggest reforms to the national ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­energy system in more than a ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­decade, which would create an open and transparent market with two new gas trading hubs to eliminate the current practice of secret deals between suppliers and users.

 

The plan will be contentious, with NSW indicating it will ease restrictions on new coal-seam gas development, moving to case-by-case assessment of projects, while Victoria will remain the only state with a statewide moratorium.

 

Tomorrow's meeting in Canberra, to be chaired by Energy Minister Josh Frydenberg, comes amid fears that predicted gas price rises by the end of the decade could cost thousands of jobs....

 

Gas pricing figures for the largest industrial users prepared for the federal government show ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­increases of up to 113 per cent in some parts of Queensland ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­between 2002 and last year. The food and grocery lobby has warned that the forecast tripling of gas prices between 2014 and 2021 would cost its members $9.7 billion and result in 3000 job losses, "significantly larger than the output impacts of the carbon tax".

 

Australia is on the brink of ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­becoming the world's largest ÃÆâ€â„¢ÃƒÆ’ƒÂ¢Ãƒ¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡ÃƒÆ’â€Å¡Ãƒƒâہ¡ÃƒÆ’‚­exporter of liquefied natural gas, with an investment of $200bn into the sector during the past decade.

 

The shift toward exports, however, has fundamentally changed the domestic market and forced industry to compete increasingly against exporters for supply, pushing prices higher and shortening the length of contracts....

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  • 8 months later...
Don't know whether you are still following Nipper but I found the Quarterly one of the most upbeat I read!! Surprised that some of their accomplishments mentioned weren't price sensitive in earlier announcements! Bought more this morning. :biggrin:
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