You can wait, but the Australian govt has only 32 days of petrol available in the country at the current time.
Our sovereign reserves are in the US which would take 3 weeks to reach here. With the Chinese now having a base for naval forces in the Solomons only 2000kms from the Qld coast, this could interrupt any fuel coming from the US. It is time for Carnarvon with Santos to approach the incoming Federal govt to fast track the Dorado development. An application could be made under the Northern Australian Infrastructure funds for a $300-500 million loan with the oil as guarantee. Australia wins with on sovereign oil security, Santos and Carnarvon can fast track development as they have funding and shareholders see
a quicker return of value on the SP. other resource companies have already accessed this fund eg Pembroke a coal company for around $200 million. I’m sure other companies are applicants and with oil sovereign issues becoming prominent due to the current Russia - Ukrainian war. It would be in all politicians minds. In addition, gas would also come into the equation to backfill any LNG need for the East Coast or export. Happy to hear others informed comments.
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Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $313.0M |
Open | High | Low | Value | Volume |
16.5¢ | 17.5¢ | 16.5¢ | $208.3K | 1.228M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 265525 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 615505 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 265525 | 0.170 |
4 | 1055635 | 0.165 |
4 | 258985 | 0.160 |
7 | 206587 | 0.155 |
7 | 283335 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 615505 | 12 |
0.180 | 806225 | 11 |
0.185 | 888213 | 7 |
0.190 | 810388 | 4 |
0.195 | 166549 | 3 |
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