To turn down $14,450,000,000 I think its fair to say they have a plan to run their business hard.
Santos PNG plant is running at nameplate capacity. Western Australian plants are running at 97% capacity.
Across APLNG, QCLNG and GLNG the highest quarter production capacity has been 81%. There has been massive over investment in Gladstone Gas plants $20B+ but massive under investment in csg developlment and production. More queensland production is needed asap. At this stage of the cycle the only way to get it is to buy it.
I am very happy to pick up some more at 33 cents earlier this morning as the market conditions just seem to get more favourable and Comet gas assets continue to get polished up. We are in a great place to be, go comet go.
COI Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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