“Will be very interesting to compare income / revenue versus costs”
Particularly once we have a good idea of cash costs per day at 15tj. There would have been a reason the plant was originally designed to 20tj production, likely the sweet spot for OPEX/EBIT contribution balanced against field development costs. It goes without saying that the next 6-12 months of Kincora development and production will really tell the story from here, profitability on the next 5tj of throughput will be far greater.
I’m hoping for a good result but still have my concerns re; entitlement offer and more broad mngmt mates games. Unfortunately I still think Uganda is a distraction at this stage, id be more than happy to be proven wrong but when you have a bird in the hand in our backyard? As for northern tenements, Santos is obviously great news and the cash at bank certainly helpful. A reputable JV partner like Santos should help keep all that on track. For those critical of giving away too much I strongly disagree, as a junior even with producing wells and production facilities like us look how hard (and expensive) it has been to effectively get a far smaller block in a productive position!!
With that said, I’m quietly confident in the year ahead and am looking forward to the quarterlies as they roll through. Good luck everyone!!
AJQ Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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