Lotz: This quarter Jacaranda is going to be back online. Production volumes will be back up.
Plus other wells were planned to be put on compression for extended production testing. This was delayed initially due to Jacaranda well (which will be done this quarter
Add this with winter prices.... only way is going to be way up than last quarter.
Add this up with their non-shale projects....
Otway storage facility: Received offers but not what the company beleives is fair value. Strong medium term potential.
Post permain of pel218 20%
Disposal of Colorado Assets which is in discussion with parties "Those were still under way as at the end of the quarter"
Company has stated there will be no substantial exploration and evaluation in this quarter and is working to monetize some of its assets.
Please read the quarterly as a whole. TME will be back.
ADE Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
