2015 Dec Quarterly p2. In the month of October, additional short term spot gas sales were supplied to Alcoa. RGPF export gas was increased to 9.4 TJ/day in December to derive additional revenue from uncontracted gas from the approximately 2PJ of uncontracted RG1 gas as determined from the July 2015 independent reserves upgrade. This increase in gas production will occur for the foreseeable future. It will also help offset the reduction in condensate revenue caused by the significant decrease in crude oil prices during the quarter.
Presentation Feb 2016 p19
Looks like Red Gully-B Sands could maintain this output until commencement of depletion drop-off
toward end of 2017. Small delay in RGN tie-in could be easily accommodated.
EGO Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
