ah, thx Thefatz. Were those comments by DM on the conf call?...

First 22 Last

Share
Profile

Follow
jake0002

8,524 Posts.

2773

23/06/22

13:15

Post #: 62160916
Share

Originally posted by TheFatz ↑

Hi Jake

David indicating MHL Expected in 6 months or earlier recent, example from authorities had Beach MHL transfer done within 4 months. Authorities have already seen Coopers system and process with Athena and have completed Audit processes so they know how cooper operates.

David is also considering down the track after MHL the possibility of adding another Absorber to the plant which will add another 25-30 Terra joules a day.

I will let you do the sums on this but if say we are running at an average of 55TJ (which is around what David expects to see) and our current contracts are around 48 this is potentially an additional 37 TJ for spot.

The cost of adding the Absorber is in the range of 40-50 million.

So I think there is a lot to like about this deal down the track in MHO.

Expand

ah, thx Thefatz.
Were those comments by DM on the conf call? because I missed that call unfortunately.
I remember asking about installing another absorber way back, and I think part of that consideration was that APA had to agree to that -> now APA is not an issue.

There is no doubt that the higher gas prices, and the obvious failure of the "renewables" policies to avert energy crisis, has changed the ball game when COE and APA were each crunching the numbers.

Spending $40-$50m on an extra absorber is one thing when prices are $7.50gj, and another when gas prices are at a cap of $40gj, that for sure.

COE Price at posting: 24.5¢ Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply