The question I ask of the presentation is - what is new?
Storage. Identifies the near-depleted Palm Valley as a storage opportunity. This would be very helpful to Mereenie, where oil production is hampered by the large volumes of unsalable gas produced. It is currently reinjected, but with a store and a 2018 gas sales destination, oil and condensate production at Mereenie could be substantially increased. QIC just paid a very fancy price to EnergyAustralia for the Iona Vic gas store. I wouldn't attribute these values to Palm Valley, yet it will be very useful to always have extra gas at hand to send down NEGI if other production is interrupted. I don't know how much engineering capex is required to add this flexibilty.
Exploration. There is much about exploration opportunities, but no action plan. This does await the NEGI announcement as there is no point exploring for unsalable gas.
NEGI. RC highlights the substantial production assets already in place and underutilised. Unstated is what engineeering restorattion/repairs/upgrades the mothballed Mereenie facilities will need. Rc says minimal. I dont fret about this, merely acknowledge it.
I am thrilled the SP touched 30.5c today.My dream from a few weeks ago of 30c has been realised.
DYOR
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The question I ask of the presentation is - what is new?...
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5.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
5.0¢ | 5.0¢ | 5.0¢ | $12.50K | 250.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 548291 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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5.3¢ | 65708 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 548291 | 0.049 |
2 | 25520 | 0.048 |
2 | 173952 | 0.045 |
1 | 50000 | 0.044 |
1 | 175000 | 0.042 |
Price($) | Vol. | No. |
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0.053 | 65708 | 1 |
0.054 | 96556 | 1 |
0.056 | 19995 | 1 |
0.058 | 173077 | 2 |
0.060 | 122209 | 3 |
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