Page 11 of the Q4 2019 5B report outlines the expected drop in...

Page 11 of the Q4 2019 5B report outlines the expected drop in production for Q1 2020.



Reviewing AEMO flows over 2019 / 20 illustrates the drop in Q1 2020 as CTP transition from the IPL GSA to the AGL GSA.



Despite the decrease in gas sales, the forthcoming quarterly result should illustrate an increase in Sales revenue based on the improved terms rolling from the IPL GSA to the AGL GSA. CTP is also taking a lion share of the sales from the JV in the first two years which will allow further debt reductions in preparation for the Range development.