Top of Page 2 says "Red Sky was pleased to confirm first revenues for the month of November under the umbrella bilateral gas sales agreement (MBA) with Origin Energy Limited (ASX:ORG) (Origin Energy)" - or Item 1.1 in the cash flow report ($132K)
Dec gas revenues should be $265K - $132K = $133K. Next quarter item 1.1 should be Dec, Jan & Feb revenues. The concerning thing is that $132K for a partial Nov and $133K for a full Dec under the MBA. How fast will this decline?
"Accrued sales income for both gas and liquids due to the Company at the end of the quarter equates to approximately $1.05m" - Y3 commenced mid-Aug (not under MBA) - so potentially accrued (??) and coming in from multiple domestic spot buyers / STO (for NGLs) whilst the MBA was being negotiated.
Now that GJ price is known - I wonder what Origin think of AK
ROG Price at posting:
0.5¢ Sentiment: None Disclosure: Not Held
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