Now is an opportune moment to reflect on the leadership and history that has shaped our journey and will set our course going forward.
At the helm stands our esteemed Chairman, Richard Cottee, a visionary who, since 2002, transformed ASX-listed QGC from a modest $30 million market cap to an astounding $5.75 billion, culminating in its acquisition by BG Group in 2008. That is an incredible feet.
In the early years, QGC navigated legal challenges, tenement disputes, and relentless capital raisings to sustain its pioneering efforts in Queensland's energy landscape. The breakthrough came in the Surat Basin with the Argyle wells which is funnily enough near Day Dream. From spudding to development and beyond, QGC not only unlocked substantial reserves but also set benchmarks in the industry.
They rejected a 2006 takeover bid from Santos, unanimously deemed by the board "opportunistic and patently inadequate," which now bears a striking resemblance to current industry dynamics. When big decisions need to be made the prospects of the company can only be underscored by the pivotal role of leadership in steering company trajectories, like Beach Energy under Brett Woods and Richard Cottee.
Can Neil Young talk the talk and walk the walk?
History, while unique in its cadence, often echoes past lessons, defining our resilience and evolution.
Here are some throw backs: (note the importance of the upper sandstones and flow rates)
If you'd like to read more the full list of ASX announcements are here:
https://www.intelligentinvestor.com.au/shares/asx-qgc/queensland-gas-company-limited/announcements?page=11
