"The Mereenie Facility Upgrade was successfully completed on...

"The Mereenie Facility Upgrade was successfully completed on schedule and on budget and in advance of the commencement of NGP commercial operations. This project included the installation of two new inlet separators, restaging the existing Field Boost Compressors, the installation of a new Field Boost Compressor, refurbishment and restart of Plant 3 and upgrades to the control system. As a result, the Mereenie Gas Field now has 44 TJ/d of firm capacity and additional capacity on a non-firm basis.

Gas production averaged 14.7 TJ/d over the quarter and averaged the significantly higher level of 31.4 TJ/d over last two weeks of December as the field supplied additional gas to Jemena for the commissioning of the NGP."

This extract from the last quarterly puts it in context, Mereenie last quarter averaged 14.7 TJ/d, current production averages over 50TJ/d with around 6TJ/d of "non firm" gas sales e.g spot.

Q2 revenue was $10.450m for 1627 TJ's of gas and ~20k bbls of crude and condensate. This represents $6423/TJ if crude and condensate are assumed to be proportional to gas flow rates and incorporated in the single calculation.

If we assume an average sales value of $5000/TJ then 50TJ a day is worth around $250k per day or circa $22.5m a quarter.