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Ann: AGM Presentation, page-3

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frmen1

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21/11/17

18:44

Post #: 28995647
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Originally posted by rmkpro ↑

Was anyone here present at the AGM today?

Good to hear gas production will be hitting 9TJ/day this December.

Also of note is Page 22 on Newstead Storage.

Iona that is referred to West of Melbourne has a total storage capacity of 23.5 PJ and was sold to QIC for $1.8 Billion. Newstead has 7.5PJ of capacity.

Iona is referenced as 500TJ per day in/out assuming this referring to volume moving in/out through compression. My broader questions are how much can we produce ex Newstead currently in/out per day? and - How much CAPEX is required to increase this capacity?

Another way of asking the question in case I don't make sense.

Iona can move 0.5 PJ per day of 23.5 PJ Total Storage or around 2% of total storage capacity. Iona is worth $1.8 billion.

Newstead can move ### per day of 7.5PJ Total Storage or around ### of total storage capacityNewstead is worth ###.

Interesting stuff. Link to QIC press release here -
http://www.qic.com/knowledge-centre/gi-media-release-20151008

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Thanks rmkpro, I wasn't there. I believe Newstead capacity is currently 7TJ/d but they were hoping to augment this rate.

AJQ Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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