There is one major difference between the Oil and the Gas markets. The Oil market is global, it is priced globally and today it in the '50's. Gas is a regional commodity, LNG is not ubiquitous enough to make it global, thus China has one price, Europe another, Northamerica yet another. The gas in Europe is more expensive than elsewhere and for that reason there is great hope that a BCGA can be economic there, regardless of the fact that Russia can pump almost as much gas as it wants to to Europe, constarined at this moment only by the limitations of the pipelines. By contrast the oil in australia, specifically Beetaloo would be expensive and probably totally un-economic for the foreseable future until we get much higher oil prices (hence, BHP would stay away from it). It is for that reason that Beetaloo is a technically interesting and deversing of all attention, but not from Falcon, a junior with limited resources and in need to conserve cash to look after Mako, the play that will make this company into something.

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