This is kind of sad. 10tj/day will barely cover the admin and...

This is kind of sad. 10tj/day will barely cover the admin and catering costs of running a csg field.

csg is a game of scale. They may get by, by being in a sweet spot with lower than average operating costs and low connection/capex costs, but 10tj/day is definitely a token amount to get to first revenue.

They really need to replicate what senex did at roma east and atlas to get to 48tj/day to make anyone stand up and take notice and force someone's hand.

I'll also point out senex had ~200 employees at that point.

personally I think this is a case of mngt knows the risk of growing to that size and they know they don't personally want to run that sort of business, because they really just want a TO and go back to the fun of wildcatting, not the drudgery of operating a csg field.

that been said, I did recently topped up and still believe in the resource, but personally think this is an example of mngt 'thinking small' rather than 'thinking big'.

Ive spent sometime scouting around the Denison infrastructure assets and I can understand the potential for some very low cost cap ex to get off ground and first revenues but there is a very large amount unescapable fixed costs both upfront and ongoing, just wish it was a pathway to 100tjs, not 10, like what they have been promoting for the last 8 years. Beggars cant be choosers I suppose