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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Too right @Geeenius. With today's gas reserves increase, QPME...
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