Browse is probably 5+ years away from first gas if the project was FID today (it won't be FID today or in the next 6 months).
Spot gas prices are good now but will that last for decades so Browse can capture it? Oil and gas prices are 5-7 years cyclical.
Also Browse FID would require contracts in place (like Pluto etc) which would limit spot exposure to below 20% just like WPLs current production
Ann: Woodside and BHP Petroleum merger investor presentation, page-19
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$28.94 |
Change
0.100(0.35%) |
Mkt cap ! $54.94B | |||
| Open | High | Low | Value | Volume |
| $29.20 | $29.26 | $28.86 | $116.3M | 4.011M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16692 | $28.93 |
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| Price($) | Vol. | No. |
|---|---|---|
| $28.94 | 2904 | 1 |
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