The big boost will come when ODP approval occurs and whether SOE will back-end into project and whether SOE agrees with SGE's development plan. The ODP sounds great, but SEH's execution, including much lower production figures than forecast, are what creates the doubt.
If SGE can execute 350mmscf/day by 2022 and get an extension of the LXG PSC then SEH will be sitting pretty down the track.
Why are there a few cynical people in here? Well we had production of 13mmscf/d and the project has been going around 8 years.
Is it CBA turfing their stock? Surprising the selling volume based on current SEH developments. That's 2 insto's that have lost faith in the management over the past 6 months. I wonder who's buying.
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