Thr gas in OP3D was probably better staying in the ground than selling it at $8 to $10 per gj.
It would go for $12/GJ now.
Current, floor price is $12/GJ for spot so profit margin would increase to roughly $8/gj. Not including the processing margin.
The contracts start rolling over in 2026 to 2028.
I expect the share price to move significantly in 2027 to to 2028, when free cash-flow cranks harder.
Before that period has occured I would like share buy-backs to occur to reduce the 2.4 billion shares in circulation.
Market Talk, page-50
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Last
18.5¢ |
Change
0.005(2.78%) |
Mkt cap ! $488.4M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.8¢ | 18.0¢ | $529.4K | 2.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 2574543 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 663080 | 28 |
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| Last trade - 11.55am 13/09/2024 (20 minute delay) ? |
| COE (ASX) Chart |