you assuming stage 2 is up by then? They're saying mid CY24, I'd slated that as selling in new year - as was expecting with the usual commissioning steps the ramp up won't go anywhere till FY25.
Is this Stage 1 feeding NWS-LNG? - is that allowed under their WA agreement? their WA sales gas is getting ~$4.6/GJ whereas that LNG cargo looked to achieve $22.5/GJ. good uplift if that's possible. at Stage 1 prod rates its what 1 cargo per half of 100% BPT ownership - 4.25PJ of gas for that Dec cargo (ignoring trading uplift to sell Mitsui portion).
Agreeing with your debt numbers from the recheck - with the remaining $420m capex (vs 550 for 1H) and the otway ramp up, I could see how they'd make $100-125M FCF after tax, which off the 359 net debt current, that makes your $250m debt way more sensible than what I had. phew. am sure I haven't considered everything, but that's a considerably more reasonable debt position to be in.
- Forums
- ASX - By Stock
- News: BPT Beach Energy Says Q2 Production Down 4% Quarter-On-Quarter To 4.3 MMBOE
you assuming stage 2 is up by then? They're saying mid CY24, I'd...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BPT (ASX) to my watchlist
|
|||||
Last
$1.29 |
Change
-0.025(1.91%) |
Mkt cap ! $2.931B |
Open | High | Low | Value | Volume |
$1.30 | $1.31 | $1.27 | $9.658M | 7.506M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42574 | $1.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.29 | 17616 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42574 | 1.285 |
12 | 182261 | 1.280 |
15 | 148882 | 1.275 |
19 | 197796 | 1.270 |
3 | 70422 | 1.265 |
Price($) | Vol. | No. |
---|---|---|
1.290 | 17616 | 1 |
1.295 | 221605 | 8 |
1.300 | 283597 | 10 |
1.305 | 103214 | 5 |
1.310 | 126146 | 7 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
Featured News
BPT (ASX) Chart |