The 9 to 16 pj is because they don’t know the amount of gas that will be produced from the field over the period of the contract . They will produce at the optimised rate to get the best financial return and that they can from the field and that means usually rates that optimises the recovery of gas over the life of the field . They only know what that rate should be until they have produced for a while . Saying all the gas will be supplied for under contract until end 2026 is a definitiveHowever statement. If they could sell Valie gas outside of that they would have spelled it out . Odin gas is I encumbered at this stage so they probably will get a better deal for that . However I think a contract with a prepayment is a likely outcome there too because their cost of equity at our low share price is very high .
MEL Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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