Bigal correct me if i am wrong but when capex is spent the money is lost and there is no return?
I only ask because you make it sound as if the CAPEX money just disappears.
Something to do with breaking eggs and omelettes or spending money to make money you can choose the idiom.
We have to continue to explore to make more and that costs money. Provided the exploration science is sound and the business is intact, then there is no reason to think that we will not make back more than we spend in CAPEX. However, if your premise is a failing ROE or O&G is swimming against the tide then could you put your case.
Cheers
BW
Ann: Beach Energy Ltd FY21 Results Presentation, page-33
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