Good webinar session today, RC in good form and back to his old self which is pleasing.
Some key takeaways IMO...
1. Pipeline reforms have dropped transport costs by 20-25%
2. RC's view of the SP is that if we're not at 30-40c by end of 2018 the company won't remain independent. That excludes success in upcoming drilling programme. New Chairman running the traps on value of Company so assume they sense predators circling (and not sure it's MQG)
3. Southern Amadeus Basin looks very promising as multi-TCF, with CTP having 30% share. Lifting of fracking ban only improves potential. Should know more by mid-2019.
4. All gas available now sold to IPL, so announcement most likely forthcoming.
Looks like the Company is running on all cylinders now... we can only cross our fingers from here that long term shareholders aren't shown the door before the value of the Company can be fully realized.
