...heres my take homes...
they spent $25M on energy in FY22 (thats mainly LD1 and seismic and @cashmoneybros project)
and in the next FY...they're spending $100M and Im assuming its mainly PB (They said they're drilling in Canarvon basin in FY24).
...And here's the words...FY23
- "at least two exploration/appraisal wells" in LD1
- "other (Perth Basin) acreage"... "plan to drill two exploration wells in FY23" - whilst they have heaps of ground in PB, my guess is that one (maybe both) of those wells would be for Lead E and/or something nearby.
and for FY24
- another two additional appraisal wells and
- production in FY24...so it sounds like gas plant being designed and procurement of long lead items during drilling of the two FY24 wells...and
- carbon capture and storage project with Buru...
NWE has its work cut out for it...we have the money for the wells... we now need the money for our share of the development/gas plant costs...
