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Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. Sparty's posts nearly always relate to companies that he either holds, has held or intends to hold.
Main Forum•Will PEP 11 relieve NSW East Coast emerging gas shortage?
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Recently there has been a spate of articles that predict that the East Coast of Australia and in particular NSW will be heavily impacted by the diversion of Australian gas to more lucrative overseas markets.
This looming export boom plus the recent furor over the alienation of quality farming land in the Liverpool Plains etc has squarely focused NSW as being in the coming hot spot.
Today's SMH article http://www.smh.com.au/environment/world-demand-for-gas-sparks-fears-for-supply-20111023-1meix.html extends the focus beyond NSW to WA, Qld and has the Australian Govt. pronouncing: "In a speech to be given today, the Resources Minister, Martin Ferguson, is to flag a tougher approach by the federal government to ensure domestic gas supplies are not affected by overseas demand.".In this context the PEP 11 Off Shore Sydney Oil and Gas prospect may be of major significance....
The offshore Sydney Basin contains all the elements seen in other producing world class structures. The PEP11 permit covers 8,250 square kilometres on the doorstep of Australia's largest energy market and extensive gas infrastructure. PEP11 covers a significant proportion of the offshore Sydney Basin, and also lays claim to being NSW's sole offshore petroleum exploration permit.
