COE 0.00% 22.5¢ cooper energy limited

$800gj - are they kidding?, page-13

  1. 502 Posts.
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    new GSA contracts have a maximum of 47TJ per day. So if Orbost is producing over 47 the rest is going to spot under 47 we would most likely be buying. Before the gas polishing unit went in, the previous quarter with lower production we were a net seller on spot. This amount will have dramatically increased as the need to purchase at spot has almost been eliminated with plenty excess to sell on a daily basis. 52tj yesterday so that’s 5 to spot at $35 that’s $175,000 cream for the day. Numbers suggest they are playing with it before having a crack at ramping up further. They have shown that can run at high production (60-66) for reasonable period of time. After winter, few days down to cut in the solids removal package and that should see higher for longer periods of production. That nameplate production a formality now IMO, but would really love to see it soon.
 
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