I said that APC was missing leases and had a potential NT problem.
They had to go to the NTT, that is a NT problem. They have a determination in their favour. Could have gone the other way and that would have pushed out FID by another 12 months or more. The FID that should have happened 8-9 months ago.
APC didn’t have all their leases when they said they did or when more than a few investors assumed they did. What else may investors have assumed about APC?
Their CO2 emissions have gone up substantially in 12 months after they initially told the market they would be the lowest in the sector. That was crap once scope 3 were included. APC has a good project but I treat everything they say with caution based on prior form.
Do they really need to BS?
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