Appreciate your view, but I differ. I think one could say that to date Arrow has been built on bold ambition, vision and competence (if not excellence).
It is companies like that, that I prefer to trust the incumbent management to build, rather than sell - they are all too rare. Companies like this tend to attract the talent they need to continue to grow. You've got the DNA there for a oak tree, not a rose bush, let it grow, it's roots are in the deep fertile soils of a 70 tcf resource base.
We need about 65TJ pa to feed the first gas train. We're already producing about 40TJ pa gross operated, so on the upstream side we're only talking a big step up, not a giant step.
Incidentally we are already capturing good top line dosh for our gas, net rev of $54mm for about 5 PJ of produced gas, over A$10/GJ, mostly via electricity sales. It will be interesting to see in the HY what the margin is on those sales.
EL
AOE Price at posting:
$3.55 Sentiment: LT Buy Disclosure: Held
