Good place to track spot is thru the AEMO website (https://aemo.com.au/Energy-systems/Gas/Declared-Wholesale-Gas-Market-DWGM/Data-DWGM/Data-dashboard)
important to factor in that Exxon still producing 970TJ/d... Insiders I know predicting this to come off plateau back end of the year... Nothing in the pipeline to back fill. That's when you'll see sustained high spot pricing. Even if it ends up capped at 40/TJ that's a significant dollar value. Supply crunch will be coming.
Risk is really on execution. If the gas is there and rates are sustainable the profitability will be high. Odin all uncontacted. For a company of MEL's size it's a gem of an asset
Surging Gas Prices, page-21
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $7.287M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.6¢ | 0.5¢ | $3.027K | 588.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2006246 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2266667 | 3 |
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| Last trade - 10.57am 08/10/2024 (20 minute delay) ? |
| MEL (ASX) Chart |