We ran up to 21c last year in the hope that there might actually be some gas there.
Well the gas is now proven to be there along with loads of HQ condensate all at higher prices than last year.
On that basis we should correct to a higher price than 21c as it has all been seriously derisked.
Any interest from Santos would be an extra bonus on top.
I certainly expect the SP to head into the teens this week as more people notice what is going on at BAS.
EB
Ann: Kiwi 1 Demonstrates Strong Initial Results from EPT, page-111
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