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568 Posts.
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23/12/13
11:13
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I understand impatience but good business to get rid of small parcels and the small buyback at 50% of nta.
Worth recap of where they are today.
1 Prod this 1/4 of around 700-750 mmcfd.
2 Will receive around $4.70-$5.00 due to hedging ,condensate and today's $4.40 NG price.
3. Cash today of AU $ 28.2m
4. Net Revenue for 1/4 still up after buyback is probable.
5. Cap AU $21.3m.
Agree next move crucial otherwise better to wind it up,sell US and give us back 20c.However i think we will do better than that.
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