That is correct $28 is killing prices and winter just started in OZ. Based on company's recent presentation avg. prices for Gas is around $8.36, but if they are getting anywhere close to $20 then it is making some good margin, but hard to work out as no where in the presentation company said what is actual avg. cost for production !
Even the oil prices are avg around $68.37 USD but currently Brent is above $80usd so there will be big margin to make on that as well, but again company don't disclose their average production cost.
Ann: NZO: MAHATO PSC APPROVAL OF NEW OIL DEVELOPMENT WELLS, page-7
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