DC well and truely on the promotional campaign trail at present which is good to see. Highlights for me:
Page 8 .. Program Potential 6,000 PJ ... it was stated previously as 5,000 PJ. And combined with the graph on page 12 that shows 3P heading up and Contingent plus 3P haeding towards 9,000 PJ .. says that a 1,000 PJ increase in overall certified reserves/resources is on the cards for soon (as soon as NSIA can do it).
Page 8 also says certified reserves are from one permit only (238) and essentially one seam and limited target areas. So ... not much of BW West/Namoi seam in reserves the upgrade and vast potential stiil in ESG leases.
Commercialisation on page 14: Multiple gas-fired generation opportunities (they are in discussions with 2-3 more in addition to the 2 MOUs). Domestic market will underwrite successful commercialisation.
H
credit suisse roadshow singapore and hk
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