Agree. Basically the only money needed at the moment is for the PFS of about $9m then a further approx. $25m for drilling of the well. Only then once successful would the infrastructure pipeline funding be needed to then be built by APA, and at that stage if the project looked like being successful it would be significantly de-risked.
Considering AGL wasted 3 years and $130m on investigating a gas import terminal which was riddled with environmental problems from the start, a project like this could now become of interest.
EMP Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
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