my takeaways good 1. Clearly focused on Rafa as the main game....

my takeaways

good
1. Clearly focused on Rafa as the main game.
2. Thomas “frothing” at the thought of a 900m column
3. number of interested parties, and big internationals at play with 900m.
4. Butler down the list of interesting prospects which means there must be some good new ones
5. accelerating thoughts on spinning off 2H to capture value. still, can’t see it happening until native title done so second half next year. Any value is a long way away. probably should put this in the bad list actually.
6. Yulleroo becomes more important as backfill. Let’s hope it gets an allocated spend in any future partner agreement.


bad

1. 2H native title delayed 6 months
2. Nothing answer to my question on Ungani. makes me very skeptical they will start it up ever again.
3. New partner not locked until early Q2.
4. Thomas seems to think late November is early December. Doesn’t look like we’ll get an announcement on seismic in time for the SPP.

they answered all my questions except why the !**! Timing of the SPP - but basically did answer it with the bad items.

I came away less excited about the near term, but maybe a little more confident on the longer term.

certainly not the bonanza week I had hoped for.

at a loss on what to do with the SPP now!!