Beach Energy Limited, page-399

This is from Morningstar. Disregarding the Santos references I think there are some take aways for us.

We don’t think Santos is being sufficiently credited for new oil and gas developments underway. A solid balance sheet and low costs, including a freight advantage to Asia, mean the company is well placed to weather any cyclically low prices. But crude and LNG prices are strong now, and gas has a growing role to fuel the world, including to complement increasing renewable energy production. We forecast group hydrocarbon growth of 80% by 2027 from 2023, chiefly from the Pikka oilfield development in Alaska and reinvigoration of Darwin LNG's output with the Barossa gas field development. We forecast strong four-year EBITDA CAGR of 11.9% to USD 6.3 billion by 2027 versus 2023.

They are obviously stating that the demand will be there so this should also be the case for us provided we have the stuff to sell and I think that's coming so increased production will be key.

Cheers
BW