I'm not sure if that is correct. They are speaking about "revenue" so that's gross before taxes etc. and they own 50.1% through an 85% stake. That means, we are talking about 42.585% share of 4.2 million€ gross = so i would guess something between 1.0-1.2 Mio.€ net to WGO per year or ca. 1.8 Mio AUD (exchange rate 0,63) net per year at 22% capacity (from my experience, you can run these power stations at a max. capacity of 75-85%)
would be great to know, why it's running at 22% - is it because of the lack of gas or the lack of consumption
If it's consumption, more gas wont help.
If there is a shortage of gas, we need to invest much more money upfront before we can make any relevant amount of money (drilling wells). And it is not really scaleable (max. 8 Mio. AUD per year).
From my perspective, it's just a marketing story.... "we are doing business overseas"....
but - DYOR
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