Waylering 7, page-29

Sorry HC - that was probably a more succinct yet useful interpretation than mine.

@avogoman - the Walyering facility is capacity constrained in terms of production output. Nameplate is 33TJ/d, and there is nothing stopping STX sending that much gas into the market, except for the fact that it is connected to the Parmelia pipeline, where lesser demand sees a lower spot price for its product. Hence it stays around 25TJ/d to meet its GSAs.

Once APA cuts an interconnect through to Dampier Bunbury pipeline - not until December I believe but such projects rarely track on schedule (or budget, or quality, etc) - this is when STX can look forward to *greater revenue* for its fixed amount of product.

There is talk of debottlenecking the facility which could see nameplate lifted and/or production increased probably not beyond 40TJ/d.

So the net effect of W7 adding to the reserves is 'not much in terms of daily revenues, but hopefully significantly in terms of sustained revenues over a longer time scale' (i.e extending the useful life of the asset).