The user seems to know the environment well. Can't disagree with this comments but he might have not paid attention to the changes to the gas project in the last 12 months. The previous owners of the gas project , Arrow (Petro China and Shell) and AGL, were wanting to export the gas outside of Australia and that didn't work.
QPM energy management brought David Wrench, the guy who was responsible for the development of gas project in early 2000s. 7 new wells have been drilled already and should reflect in the numbers in 2H FY25. We should see the production numbers increase from now on.
The new management suggest that there is not enough gas to sell in the region. I am not sure how that works but it is a question I plan to ask the management.
This is what the management has suggest for next 10-11 months.
According to https://hotcopper.com.au/threads/ann-noosa-conference-presentation.8314137/
Reserves /Resources
• Extensive upgrade of resource and productiondatabases
• Targeting increase in reserves / resources first half2025
• Regional consolidation opportunities
Gas supply
• Increase gas production from 28-30TJ/day• Targeting 35TJ production post commissioning of new wells and other optimization initiatives
• Additional waste coal mine gas connections
Revenue • Gas sales and electricity generation
• $75m revenue generated FY 2024
• $43m revenue already generated to 11 November 2024
Operating Costs • Legacy contracts renegotiated - significant reduction in fixed costs associated with NQGP and TPS
• New NQGP / TPS contracts effective ~1 July 2025 will result in a significant reduction in fixed costs and overall costs
• Unit operating costs to fall as supply increases
Power Generation • TPS
• Targeting existing and greenfield electricity generation development in Moranbah(MPS), in addition to TPS
The user seems to know the environment well. Can't disagree with...
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