Gas shortfalls to come and energy growth stunting while demand for energy is breaking all time highs https://wattclarity.com.au/articles/2024/01/powering-up-queenslands-historic-leap-in-energy-use/ + https://www.theguardian.com/australia-news/article/2024/jul/16/cold-snap-sets-record-demand-for-electricity-in-victoria-as-nsw-wind-farms-supply-third-of-power. Common theme of too much red tape / incompetence from government preventing growth. Just need to take a look at Snowy 2.0 for a prime case in point that future energy plans aren't looking too great. Also have CS Energy (govt) who own Callide and C4 Callide has yet again failed to come back online when scheduled https://wattclarity.com.au/articles/2024/07/12july-cpp4-delayed-rts/. The writing is on the wall, just needs time before it all eventuates.
QPME is positioned well for both cases - they should still have about $50m+ from the debt funding facility after these wells are completed as from memory the new wells are around $27.5m and they already drew down a small amount so future growth plans are still a definite go ahead.
Short term in for a bit of pain but this upcoming 6 months, particularly the latter half TPS should generate some serious $$$ if they have another summer anywhere close to last year.
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