Ann: APA: APA sell Orbost Gas Processing Plant to Cooper Energy, page-3

$210m from the capital raise the remaining installments from operating cashflows it seems.

The instalments are likely to hinder capex development for the Annie field in the Otway basin.

COE sold remaining production at Casino, Henry, Netherby to AGL for $6gj earlier this year, 6 months later spot prices are at $40 and staying there for a while. Imagine if that didn't occur, COE selling spot price from Athena at $40 and increasing profit margins.

I'm sure AGL enjoys selling at $40 per gj into the market and buying it off COE at $6.

Alternatively, whatever surplus Casino, Henry, Netherby was producing could have contributed to any short-falls at Orbost gas and avoiding the need to buy at spot prices. Or lo and behold, avoid the need to raise capital to by Orbost gas plant and bring COE knee-deep into another cycle of diluting share holdings and forced capital-expenditure.

Can any other shareholders see a pattern here? I don't think the board is working for the interests for most shareholders to build wealth, by their actions and outcomes it looks like they are working for someone else's interests.