Extract from report with bold listed under "Highlights" - says it all really - Absolute Muppets IMO. Mahna mahna
Sales volume was down 8% on the previous quarter at 1.07 PJe (Petajoule equivalent) as the temporary NGP outage extended until mid-December, preventing spot gas sales to east coast customers for most of the quarter. Unit sales prices across the portfolio decreased from the extraordinary spot market-driven peaks of the previous two quarters to an average of $6.78/GJe (Gigajoule equivalent), as Central was unable to access east coast customers and spot markets due to the NGP outage. • Sales revenue of $7.2 million for the quarter was down 23.2% from the September quarter reflecting the lower volumes and softer realised prices. • Debt facility increased by two separate tranches of $6 million to fund increased production across Central’s Amadeus Basin gas projects. An initial $1 million was drawn down to activate the first tranche in December with the second tranche remaining subject to satisfaction of certain conditions precedent. • Net Debt was $16.8 million at 31 December, up from $15.1 million at the end of September reflecting the lower cash balance.
CTP Price at posting:
8.1¢ Sentiment: Sell Disclosure: Held
