https://webcast.openbriefing.com/sto-hyr-2024/player/index.php?player_id=54434
STO Half year webcast with broker Q&A's... Dorado is asked about a few times.
KG answers were;
1.If Dorado being "FID Ready" in 2025 is NOT taking FID.
2. He definitely will NOT take FID until a sell down of STO 80% stake occurs first.
3.Dorado must compete for capital allocation between other projects like Narrabri and Pikka phase 2 before FID occurs.
4.Anthea CFO mentions Dorado first oil in 2029 if project is sanctioned.
Anyway sounds to me that Kevin is not too keen on the project, trying to put more obstacles in front of it ..more than the environmentalist and govt.
In my opinion they should just sell the project now to someone who wants to get on with it and have the confidence to develop it with the enthusiasm it had when first discovered.
Ann: Dorado Project Update, page-33
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