Investment Case


Large acreage position in producing and emerging basins
  • Uncontracted Gas Reserves and Resources
  • Global rise in gas demand - global supply tightness
  • East Coast gas shortage – rising gas prices
    • 6 LNG trains in Gladstone -  supply shortage
    • Domestic gas shortage NSW/Vic
  • Greater Macarthur/Beetaloo Basin plays - adjacent activity
  • Georgina Basin play exposure
  • Near Term Value Drivers
    • Gas shortage on East coast – Global, domestic and LNG
    • Uncontracted Gas Reserves and large gas resources on East Coast
    • North Bowen Basin pipeline connection
    • Upgrade of Gas resource for ATP 854 Surat by NSAI- 398 PJ 3C
  • Focussed Strategy - East Coast Gas
  • Strategic acreage position in hydrocarbon producing basins
  • Exposure to frontier liquids basins
  • Operatorship allows control
  • Continuous cost efficiency drive