Myeh, what gas company isn't doing well at the moment right? Its not like anyone needs gas or there's a gas shortage happening no? Nor that this company is now a gas producer sitting on around 7% of the country's onshore gas reserve either.
I have zero concern about what volume they can produce, my watch list will be those points I raised above- environmental and whiney greens and whatever dreamtime story they may come up with to protest it. I have little real concern for whether their Daddy Wongbucks can fund the plant construction. Do people really think he cut a $30m cheque a year before it even had approval - in the face of all the opposition and roadblocks that it knew were coming- if it wasn't likely to be commercially viable?
My understanding is that they can get gas out of the ground for about $1. Market is paying what, $10? $14? $8? If they can't be commercially viable then there isn't a gas producer in Australia who could be. I can't see how it can't be anything other than a commercial success - the IRRs must be off the charts.
1 million is pfft sure, but they'll build multiple wells and give us what, 30 million a day? Whatever it will be on a daily basis we'll see but I don't know if people understand the enormity of the resource they have there.
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