Agree with your thinking, however the share price will only...

Agree with your thinking, however the share price will only rally if dividends are sustainable.

A dividend policy that pays x% out of FCF is what will move the price, and for that we need sustainable income through GSAs alike S32, ARU and the forthcoming EOI.

Given the shortfalls in gas in Victoria and NT, the EOI should be very competitive. Netback prices are averaging $16/GJ in CY2025 to $12/GJ out to CY2029. CTP has a well head price of $8/GJ, so the EOI offers a significant opportunity to realise against the current gas portfolio, both for dividends and exploration drilling.

GLTAH