@orion123 Kincora is not breaking even, look at the quarterly....

@Lance Great post! Agree with your thoughts completely. I'm happy to hold for now, main reason for this is the improving production that we should see from recent workovers and new wells. Hopefully this balances our OPEX a bit better for Kincora field and plant.

@orion123 Kincora is not breaking even, look at the quarterly. With the improving production and new wells this may change...? I am hopeful but the facts are the facts when it comes to money in money out. Very black and white.

Santos JV is in a good place for the other fields right now, best chance of realising value will come from a partnership with a strong experienced and well capitalised partner which luckily we have. As for selling off assets to pay down debt we would be left with a small business that would still require heavy CAPEX spending to continue to keep production up which would very quickly eat any hopes of producing EBIT.