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clock Created with Sketch. 17/03/25
16:40
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Originally posted by camban
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Good General & Admin cost reduction if it’s sustained, glad to see an insurance claim submitted to recover some of the F5-ST drilling costs (approx ~AU$4.6m if successful with the claim). Unfortunate to see that well really is a duster tho, as that frolic burnt through a good chunk of our cash. Unbelievable that this mob cannot record a profit for the half year - that alone would be a very positive market signal to improve the stagnant share price. They need to focus on banking revenues now while gas prices are up.Unfortunately no assurances can be made as to the outcome of the ruling request or the timing of receipt.”
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Expect the insurance claim should be a non brainer as the JV partner has been paid their share already as per their latest disclosure.
Last edited by
boysy1 :
17/03/25
