Not a lot you didnt know already, if you've been reading the quarterlies.
They are putting a big push into gas assets, and foreshadowing some sort of hedging arrangement in the expectation of lower A$ oil prices in the next year.
They gave numbers and estimates for the oil and gas in place in their PELs. Here they are
PEL90 ; 8 prospects, 6.4 mmbl oil, 255 bcf gas PEL93 ; 3 prospects, 6.5 mmbl oil, 6.5 bcf gas PEL102 ; 3 prospects, 34 bcf gas PEL103 ; 12 prospects, 17.4 mmbl oil, 16 bcf gas
"Gas prospects in PEL90 have been grouped into a regional gas prospect and have been offered to a number of companies for farm-in opportunities"
Profit of $735 000, with $2.3 million net cash flow from operating activities.
Hope this helps.
Ian
STU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
