The question is what price the JV have agreed upon? In the original announcement of the AGL agreement on the 6/12/21 it states: "Pricing at a mix of fixed and variable market rates" and “the Heads of Agreement for the proposed sales of up to 16 PJ of gas to AGL will deliver significant cash flow to the Joint Venture over the term of the contract". Hopefully it will provide a good cash flow, we will have to wait for the quarterlies and see how it pans out.
The Blue Ocean report states: "based on initial flow rates of 12 MMscfgd (the capacity of the new pipeline to Vali), we estimate an annual cash generation of $5-10m to MEL for the initial years of the project", that would be a good result, considering it does not include Odin gas which will be sold at a higher price.
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Mkt cap ! $3.665M | |||
| Open | High | Low | Value | Volume |
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