Just out of curiosity how do you get to any of the numbers you’ve come up with?
Circa: $60,000,000 in the bank.
Walyering cost at: $0.51 GJ. Selling at a minimum $7 GJ and up to 33,000GJ per day. Back of envelope: $85,000,000 p/a income, with no upside from next drill, no condensate sales or higher price than $7 GJ. Cost to produce: $6,000,000 p/a.
Corporate/staff overheads at: Round up to $20,000,000 per annum.
Leaves a pretty healthy profit margin in a worst case scenario for development, plant upkeep and future activities I would have thought, can’t see seeking finance being an issue either, so don’t see why there would be a need for a CR?
Happy to be corrected on my quick math, but just trying to understand your concerns?
WA Govt Gas Policy Report Today, page-153
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