Report read well, and it would appear the forecast FY16 revenue on Slide 9 of the recent Noosa Presentation was low at $23.9M, as total revenue appears to be $26.7M (product sales + take or pay contracts). Also interesting to note we received $2.50/GJ under the Macquarie Gas Sales & Prepayment Agreement.
We did however quietly drop 2 reasonably-sized tenements in the Perdika Basin (EP97 & PELA 77; Items 3 & 4 on Page 10), which effectively exits our position in SA (now only in NT & Qld). Can only assume the initial exploration data suggested this basin is not particularly worthwhile… does anyone else have any info on this?
Ann: Quarterly Activities Report & Appendix 5B-CTP.AX, page-4
Add to My Watchlist
What is My Watchlist?
