The electricity net back price look good at $15.15/GJ, however this is less than half ($10m) of the revenue over the quarter ($22m).
Production costs at $24m translates to $9/GJ, which appears to include one off items given YTD numbers have this around $5.80/GJ. Backsolving gas sales over the quarter ($12m / 2.59PJ) suggest these are pricing at $4.6/GJ. This is around the same level as the March quarter ($4.50/GJ) - so more electricity revenue is certainly a winning strategy.
QPM Price at posting:
3.4¢ Sentiment: Hold Disclosure: Not Held
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