Investment Case

Large acreage position in producing and emerging basins
  • Uncontracted Gas Reserves
  • East Coast gas shortage – rising gas prices
    • 6 LNG trains -  supply shortage
    • Domestic gas shortage Qld/NSW
  • North Coast gas shortage
    • Northern Territory is Short of Domestic Gas
    • Bayu-Undan reserves downgrade
  • Wiso Basin acreage – now includes expanded McArthur Basin plays
  • Georgina and Cooper Basin play exposure – ongoing and new drilling
  • Near Term Value Drivers
    • Activity in frontier basins
    • Gas shortage on East coast and North coast – domestic and LNG
    • Uncontracted Gas Reserves on East Coast
  • Focussed Strategy - Gas and Oil
  • Strategic acreage position in hydrocarbon producing basins
  • Exposure to frontier liquids basins
  • Operatorship allows control
  • Continuous cost efficiency drive