Best part is ECH want to do a whole lot more - from their CEO today "As we said when we upped our stake in Mereenie, there is a lot to go here yet and I look forward to combining the JV partners’ science and engineering knowledge, to unlock the upside with our JV partners."
These result bodes well for the infill wells and stairway appraisals ECH have earmarked for Mereenie in Q3/Q4 25, and Palm Valley infills in Q3 25.
Mereenie nameplate capacity is 45TJ/d and Palm Valley is 15TJ/d - so there's another 20TJ/d (7TJ/d CTP) they can target without significant CAPEX. Thats effectively a 50% increase in production for CTP - at a time that NT PWG potentially faces supply issues on their GSAs with any delays in EEG and TBN exploration of the Betalooo.
Onwards and upwards!
Best part is ECH want to do a whole lot more - from their CEO...
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