BPT CEO Brett Woods said he is keen to beat the
guidance.
Capex will be lower now that Waitsia is almost complete. The issue is the sustaining capex was not cut farther. The reason is BPT is waiting for Santos to make the cost cutting announcement in the SACBJV Cooper Basin area.
Overall higher production will be moved to FY26
due mainly on uncertainty in Waitsia LNG timing and length of time to ramp up.
I think the market and the short sellers will be in for a big surprise on the production side.
Revenue and profits will be much higher as Otway Gas Plant doubles its profits and Waitsia starts LNG production soon.
BPT CEO Brett Woods said he is keen to beat the guidance. Capex...
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