Too right @Geeenius. With today's gas reserves increase, QPME have some real potential to develop the MGP's southern end (curiously named the Northern Hub!).
I'm particularly heartened by points 1 and 5 in the MPP section you've highlighted. 1 > as others have posted there are currently constraints with anyone wanting to get their hands on gas gen equipment. 5 > as of course funding for such expansion is vital. It seems the team are confident of finalising both these plans during the current quarter.
Overall, a very solid quarterly. Yes, weather fluctuations didn't go our way, asides from the peak event of 22 Jan. I experienced Townsville's mild, wet late summer personally on a couple of work trips. Lord knows I would have been crushed if regular conditions were occurring.
Other points that stood out positively for me: - MPS acquisition > already showing nearly 2M of benefit in just one Q. - TPS overhaul > 'Ratch and QPM have agreed to evaluate options to return the HRSG to service following completion of the gas turbine overhaul.' > could the steam generator live to fight another day? That would be a nice win to get back 82MW of capacity... - New well program underway, supporting increased production - Gas gathering system > Successful pressure reduction program, which will support the optimisation of the expanded field moving forward - TECH lives or as you say, just resting
Let's hope there is some positive news also on increased coal mine engagement and degassing partnerships...
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