Thursday, July 19, 2012

Sea Shepherd come to James Price Point

Published on Jul 17, 2012 by seashepherd


Sea Shepherd Australia Director Jeff Hansen and former Greens Senator Bob Brown share their thoughts on Operation Kimberley Miinimbi. Video by Fair Projects

2 comments:

  1. It may have been forgotten in all this weeks excitement but yesterday,July 18th.,the tenders to build the gas plant at JPP were due in.

    Woodslime today crowing about a 23% rise in output because of Pluto.
    Well they had better pray there is no extended downtime at this plant,because unlike the NW Shelf where they have backup trains if one has to go off line for planned or unplanned maintainance,there is no such back up at Pluto.

    ReplyDelete
  2. IT'S NOT SO ROSY AT WOODSIDE:

    http://www.smh.com.au/business/woodside-lifts-output-target-on-pluto-progress-20120719-22bj9.html

    .......Woodside expensed $73 million in unsuccessful exploration during the quarter having drilled two ''duster'' wells in the Ragnar Hub, Vucko-1 and Banambu Deep. A third well, Ananke-1, will spud in the next quarter before Woodside takes a self-imposed break in exploration drilling for its Pluto expansion.

    Woodside said discussions were continuing to with other resource owners who could supply gas to Pluto but CLSA analyst Mark Samter said his personal view was that ''even third-party gas might be SUB-ECONOMIC for the Pluto expansion.''

    Mr Samter, who has a ''sell'' recommendation on Woodside, said the company would be ''A FAR BETTER INVESTMENT IF THEY WERE NOT DOING BROWSE AND PLUTO'' and ''STOP THROWING GOOD MONEY AFTER BAD'' to concentrate on their mature assets.

    At the current share price, he said, the company would ''yield 8-9 per cent and even in a lower oil price environment they could sustain that for a good few years''.

    MORE EVIDENCE A CHANGE OF COURSE IS DEFINATELY REQUIRED.

    CARTON OF TED'S ON A DUSTER HAT TRICK FOR WOODSLIDE.

    ReplyDelete