"Concurrent with Upstream FEED, Jemena has now provided an amended Pipeline FEED Offer proposal to the Mahalo Joint Venture participants, involving a new 10-inch pipeline to be constructed by Jemena on a build, own and operate basis. This will remove the capital cost of the pipeline from the Mahalo Joint Venture development capex and be replaced with an operating cost (tariff) once gas production commences. It is planned that Pipeline FEED commencement will be approved in the coming weeks and be concluded in parallel with Upstream FEED and within the planned project FID timeframe"
Although haven't checkd back in on this stock for a long time (used to follow more closely), project has always looked solid but timelines have at a minimum always depended on a large JV partner/operator whom has other major projects which are a higher priority.. Will be interesting to see the FEED & FID decisions, but can't exactly not see this going ahead at some stage.
COI Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
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