His capex looks wrong to me, capex is like $4m each (their share) for Merreenie ~$8m and say they do another Palm Valley well, that's say another $20m total, so 50% share $10m. $18m all up.
Those wells should get you to c$55m of revenue assuming 5TJ/day from new Mereenie and 6.5 from new Palm Valley.
So not sure what the other $23m is for and what revenue it is generating ? Also makes the cashflow profile look sht which it shouldn't be unless they go spanking cash on exploration, which they've said they won't ....
His capex looks wrong to me, capex is like $4m each (their...
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