Agreed, the deferred spend on these blocks is highly positive as the company transition to free cash flow. While it would be good to see Ooraminna 3 drilled it would seem that for now the best bang for buck is likely to come from 100% owned Palm Valley especially after the circa 13TJ/d flow rates achieved from PV13. With this due to come online soon Palm Valley should be pushed to full capacity. They currently flow at around 7TJ/d so should have spare capacity to treat up to 8TJ from PV13 should they be able to hit name plate on the plant. I'm not too familiar on the state of the plant but understand that it was recently refurbished ahead of increased flow rates? Also name plate while an indication isn't always a limitation, many plants I have operated are able to perform at 10-20% above name plate capacity depending on where the bottleneck is.
From what I can see of the plant is it's fairly basic and has separation, stabilization, dehydration and compression.
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