COE 2.44% 21.0¢ cooper energy limited

AEMO reading, page-477

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    48.024 and 27.346 = 61.7 our share

    What is interesting @myHC101, we continued to produce near the top end of our GSA total right through the xmas/NY period. In theory, our clients were expected to take more during winter and less during summer (bell curve over a calendar year) for a total of between 22.5PJ and 25PJ for the year take or pay. However, we are still going gangbusters and not having to buy on market anymore as of today when the new AGL GSA started.

    What we don't know is:

    1/ are our clients still taking gas at the maximum GSA rate and have we been buying on spot until today to make up for the Orbost GSA shortfall. Which means we either sold the excess from Athena over the last week at spot until AGL came across today or stored it in the pipes.

    2/ If no to 1, are we selling some/all of the excess on the spot market

    3/ If no to 1, are we storing the excess in the pipes which can't take much except when we backfill what we use from the pipes during a clean to help meet our commitments

    4/ If no to 1, by some miracle, what our clients want to take just happens to match what we were producing at the time (let me check my lotto numbers again)

    5/ Had some clients already reached their maximum take under their GSA and can only have what we have left at spot. If so, when did this happen

    Last edited by Proga: 01/01/22
 
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