Takeover Target? Gas stock target?, page-63

The $131m annual revenue figure only includes 6 months of Sole GSA's being in operation and the constant shutdowns of the Iona gas plant for various reasons restricting sales. People seem to have this strange idea Sole is losing money. It just isn't making as much if it was at nameplate of 68TJ/d. It should generate ~$80-$100m cash in FY2022 .

To say quote "Currently based the existing gas prices and current production rates they will at best generate net cash after everything on somewhere between $0-$20M per year" unquote is less than irresponsible. Once they cutover Casino-Henry into Athena, they'll generate $30-$50m per year through Athena as well.

But good old Bigal36 has quite a history of making disparaging comments in a few gas stocks. This is what he posted in BPT last week - Quote "Maybe they should just run the reserves down, cut the CAPEX to the bare minimum,reduce the staff levels and invest any surplus cash in shares in alternative energy and Lithium stocks.
I think drilling 10 new wells will likely generate a lower return over time than investing that money in renewables.

Clearly the market is heading this way and its looking more and more dumb for O&G companies to invest in new fields that have a longer than 5 year life (and that makes just about every new field development not worth developing)." unquote

Post #: 54656618

I think they call it baiting and/or trolling

The reason they restructured the debt was to make sure they had enough capital to complete the OP3D. You know, invest in fields that have a longer than 5 year life. The capacity of Athena is 150TJ/d, net 75TJ/d to COE. If they can't fix Orbost fouling, they can continue to generate $80-$100m a year until Manta comes online. Shut Sole down until they come up with a solution. APA were going to have to duplicate Orbost without the sulphur extraction equipment when Manta comes online anyway.

DYOR