Hey LL. I've had time to think about the circumstances with the debt v CR, and while very disappointing and it's held the SP down, I think the shackles will now be broken very soon. My rationale, not carrying debt forward at a high percentage, which is never a good thing from such a small company to have. The gas price per GJ is going up and the poor result with LD2 drill (was a good ride and made some good money, but not quite retirement value yet), it'll only go higher now because of the lower supply coming into market over next 12 to 24 to 36 months. SO FCF coming in very soon, Mongolia I hope is a very lucky fox and continues to attribute more value. I think they've only drilled 1% of the total field and whilst there's not guarantees, it's been a good start and 33% of that is a good start. The potential with the farmin with TEG coming up towards the end of CY 23 and hopefully can secure an early rig slot in CY 24 should bring more eyes to a tightening gas market in WA.
Talons tight and holding on for the ride
TPD Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
