Gas code, page-9

Snipet from todays
Fin review Blind rush’: Manufacturers plea for coal power extensionAngela Macdonald-SmithSenior resources writerJul 10, 2023 – 6.58pmSaveShareManufacturers called for baseload coal power stations to be kept running longer to keep electricity supply secure as the pace of the energy transition needed to meet 2030 climate targets falls far behind.Industry leaders said a full assessment was needed of the feasibility and impact of reaching Labor’s end-of-decade targets for emissions reduction and renewable energy.Lindsay Partridge: “We need some adults to take over the conversation and lay out a concise plan by which we can get to a reliable, affordable energy system between now and say 2050 or 2060.” Some are questioning how the targets could possibly be met without the large-scale shutdown of energy-intensive industry, given the targeted closure of coal power plants, such as Origin Energy’s 2880-megawatt Eraring plant in NSW in 2025.Brickworks managing director Lindsay Partridge described the 2030 targets as “complete nonsense”, given it was physically impossible to carry out the construction of renewable energy generation, back-up power and transmission lines in time.He said if coal power plants were not kept running for longer – or were not replaced by similar baseload units – it would be “a disaster” with blackouts inevitable. He pointed to delays in critical “firming” projects such as Snowy 2.0 pumped hydro, planning problems for new wind and solar farms, and social licence issues with new transmission.

as for the SP - it’s silly commenting on SP when less than 60k shares traded all day . I was sitting at the top of the line and got a grand total of 719 shares for the day . People were simply waiting on the code
the snippet from the article aboce shows how desperate energy buyers are with above commentary from Brickworks MD

this essentially validates the view that Comet will lock away their prices at great LT rates and if they blend their GSAa with some LT , medium term and even ST they may be able to get prices as in high teens for some of their gas . I think they will lock away their reserves at an average in excess of 12 and probably around 14 ( when upfronts are included ) which would value them at 56c Excluding any significant reserve growth

if they can avoid any dilution and can move into production wlth little to no dilution they significantly lock in the medium value for us shareholders

comet is sitting very pretty , so pretty it’s also a sitting duck IMO