Fantastic project development opportunity here imo. 2 FPSOs coming off lease the next year or 2, loads of rigs and vessels to be coming off contract 2019/20 prime for a cheap pickup (eg Vermillion escalating their drilling program to take up available ENSCO rig), ridiculously competitive offshore contracting market and shallow water depth makes for a great development opportunity. I can see Quadrant making moves on this in the next 24 months, would not be surprised at a possible FEED entry next year with the view to a late-2021 RFSU. If they could potentially get the Nganhurra FPSO when Woodside finish on Enfield and get their skates on with the subsea work and drilling this could be a gamechanger.
Additionally, just saw today Puma PNG Refinery is taking a tanker of crude from the Okha FPSO. Cossak grade crude is still premium product for mogas configured refiners. Of course all imo and dyor, but such good value after that pull back today
Awesome project potential
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $339.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $113.1K | 595.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 230333 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 19.5¢ | 393982 | 5 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
19.3¢ |
Change
-0.005 ( 1.32 %) |
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| Open | High | Low | Volume | ||
| 19.0¢ | 19.3¢ | 19.0¢ | 263992 | ||
| Last updated 15.40pm 14/06/2024 ? | |||||
| CVN (ASX) Chart |