Agree Froggy that gas prices are well down on peak of a couple of years ago (50% at least) but there's no way that 40% of 7 tcf @ $3.50 per MMbtu equates to $2.50 per share for Karoon's interest in Poseiden.
Especially when you consider their partner has a fully functional LNG terminal nearby WITH approval to expand as required.
All's good for the super fund.
Agree Froggy that gas prices are well down on peak of a couple...
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