QGC PREDICTS PROFIT GROWTH

摘要

Emerging Coal Bed Methane (CBM) producer, Queensland Gas Company (QGC), is predicting a decade of sustained growth and profitability, following the recently-announced signing of its first critical supply arrangement with major Queensland power generator, CS Energy. The conditional agreement would see QGC supplying CS Energy between 60-90 petajoules of gas over 15 years. QGC's managing director Richard Cottee said the contract would provide sufficient cash flow to enable QGC to expedite development of its extensive Surat Basin gas resource, now estimated in the order of 38 trillion cubic feet or comparable to the Timor Sea's total resource base.