I think if they could they would. Odin GSA was blocking it, and now likely in a blackout until Vali wells come online.
A few interesting tidbits in that presso though:
- CPI uplift for the AGL deal is significant. Looks like they're currently getting $8/gj...so CPI uplift would increase gross profit by ~50c/gj. I'd imagine that's a solid 10% increase in gp.
- A quite thorough graph around pricing, that shows pricing in the $20-30 range. Implication is that they may have signed up for a circa $20 deal with Engie, given that it was a seemingly competitive process. Odin flows rates imply circa 2pj/pa gross after taking into account impurities. That would give MEL $10m revenue ($8m profit?) per annum from a single well.
MEL Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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