A very interesting bit of information from recent STO Call
STO have updated market about production of QLD CSG wells at Fairview with rates achieved per well of upto 8 TJ a day.
This is well above what is been factored into COI valuations ( 2.5) so we may end up with a much more productive field, with less wells required having a massive impact on the economics of the field. We know already that Comet's assets are in a very productive fairway.
Once they formalize the pipeline with Jemena, if STOs involvement results in a much bigger pipeline, ( almost certain) the chances of an eventual takeover will increase dramatically. As this unfolds, production from bass strait continues to decease, down over 30% YOY
Mahalo production ready
A very interesting bit of information from recent STO Call STO...
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