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There was a dude from the Brisbane planetarium on the radio saying that from the reports, it wasn't moving correctly for it to have been a rocket burn (or anything to do with sats). If it was in near Earth orbit it should have moved across the sky much faster - a matter of minutes - not stayed in the same place (or thereabouts) for an hour.
He speculated a normal (right angle) impact meteor.
I have logged in today hoping to find out more about this. So please post it when you find out.
I reckon this will be all over the Brisbane news tonight.
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