End of the day, need to keep funding the drilling rigs in alignment with the present schedule, if possible bring some of the wells forward. Though you need capital to 'explore' and prove the net worth of the recoverable 'stranded asset'. Though stage by stage, I'm feeling somewhat confident that the team, whom are all taking a calculated risk can really ensure this one kicks off.
With Twiggy in the past few days relinquishing his spot out at Middle arm, this might give the team additional leverage for commercial terms with their 'potential' LNG facility.
End of the day, we need to see gas sales to the east coast for volume and sales. The APA pipeline aspect is relatively easy. LNG plant (Shell & BP backing) , has merit, of course unless they just toll it through any Inpex or Santos facilitates expansion..
it's going to be a bit of a waiting game, plus dependant on continual funding, hopefully with out too much shareholder dilution.
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