CUE 4.76% 10.0¢ cue energy resources limited

reality, page-40

  1. 13,963 Posts.
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    Lakeside,

    I believe all the gas from both is contracted.

    However from Oyong the price is approx a lousy $3/GJ, set before the global rise in O&G prices. Wortel I understand is set at about twice that level.

    What could be interesting is if there is another field they can find nearby. No point them testing any prospect until Oyong closer to depleted, and also until paying taxes in the PSC (imminent).. They might get quite a good price now, if they were to succeed at the drill bit, and of course like with Wortel the capex is not so bad with a lot of the infrastructure in place. It may be clutching at straws, but the fat lady ain't sung yet in this PSC.

    EL
 
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