Well its good to see production for the quarter is as expected, with minimal downtime and good flows judging by the 0.71 PJ of gas and 33,232 barrels produced.
Will be interested to see the cost of production this quarter as it was not a positive forecast from most recent cash flow report ($-2.574m). Condensate sales of should cover exploration ($-0.272m), development ($-1.334m) and admin costs ($-0.777m), however we still cannot cover production costs from condensate income which is still a major issue moving forward.
Can they pull a cat out the bag? I wonder if Beach Energy would be interested in farming into some west coast gas assets?
EGO Price at posting:
0.6¢ Sentiment: None Disclosure: Held
