Touche!
If there was a revised agreement, you are correct in that we can kiss those damages goodbye.
"Revenue doesn't seem to be an issue as it appears to be guaranteed by APA under the terms of the (revised) contract"
Don't agree that revenue would be as it were if the plant were operational, but do think the margin (I.e. earnings) will be as though the plant were operational based on the following from the announcement
"Cooper Energy will earn a comparable net cash margin as if all the gas had been processed at the OGPP, and a superior net cash margin to that which would occur through supply at anticipated near-term spot gas prices"
But as long as we are kept whole for earnings we should be okay....
I agree next few weeks will be very interesting as it will tell us whether the latest fix has worked out or not....
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