they generated $605k income when Odin-1 averaged 3.1mmcfd (online 90%) and O2 1.04mmcfd (O2 only online from 13th October) and vali 1.01mmcfs (almost 100% uptime).
they had costs of $890k producing operating loss of $290k for the quarter.
now they are producing significantly less gas (3.2mmcfd gross vs 5mmcfd last quarter) but you expect them to be treading water.
Cannot see if happening unless production/staff and admin costs have halved.
MEL Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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