March-19 quarterly projections, page-38

Hi aabbaadd,

Thanks - I probably have the same questions as others. They have mostly been communicated by management but additional detail is always welcome. For me, these are:
1. Update on gas marketing for 2020 and beyond. This topic is obviously commercially sensitive so can't expect too much until it's completed.
2. PV13 tie in update. What remedies are being planned (incl. timing and capex) due to PV1 restrictions.
3. Update on financing.
4. Pipeline tariffs are significantly higher than originally targeted (and communicated). I don't feel like this was ever explained.... I don't have a great understanding of how these work, but can we expect tariffs to decrease as pipeline operators recoup their capital investment?
5. Would management consider divestment of Surprise oil field? I have heard that the costs of maintaining the the production licence are significant. Let's whip it off to a junior if we can get a couple of million for it?
6. What GAP costs are remaining?
7. Are there any penalties associated with the gas imbalance of 4.5 PJ or is this effectively free financing?

I'm sure others have plenty more questions...I'd probably say well done to the team too, it's been a great result to get there operationally.

Looking at CTP, it will have net debt of c. $50m at year end and be potentially bringing in $40m annually net cash (on new gas marketing). It feels like it will be very derisked by then but the market does the talking...