True, but they just did increase their oil production - Tinker-3 at 300 bopd means about another A$2m or so a year in oil revenue, assuming oil prices of around A$42 a barrel and costs of production of about A$20.
Lark-1 apparently hit oil as well ... even if it's only 100 bopd, thats still a couple of grand a day in free cash flow.
Personally, I think MOS should look long and hard about renting a LNG tanker, filling her up in Brisbane, and shipping it over to the US.
Ian Whitchurch
MOS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
