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21.0¢ talon energy ltd

What is Talon worth?, page-150

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Justadabble

9,164 Posts.

3107

23/07/23

23:40

Post #: 68936361
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Originally posted by tt2000: ↑

"Regarding Japan, WA industrial consumers have just taken Lockyer Deep, half of West Erugulla, and a good chunk of NWS gas production out of the export pool, they are probably right to be looking elsewhere."

Gas producers have been forced to sell offtakes to WA Industrial consumers (at lower prices) as they are not permitted to sell offshore (at higher prices).

This red tape / regulation is not a free market.

It means the gas producers are changing their behaviour and become price takers when they could be price setters into Asia. This erodes value to the gas producers, who now have a significantly lower revenue stream than they otherwise would.

What does this mean for Condor?

Delays, and more delays as FID will be harder to prove as the price is lower than what it could be in a free market.

As equity investors, we are all wise off thanks to Labor.

I have no political allegiance, I am just a fan of free markets aka capitalism. Every time Labor get appointed they find a way to destroy value in the shares I own

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Won't be any action on Condor until 2025. Let's see if these hypothetical roadblocks materialise on the Triangle drills. PS WA gas price is still under the cap.

TPD Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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