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 emerging gas plays - adjacent operator activity
  • 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 Gas resource for ATP 854 Surat by NSAI- 398 PJ 3C
    • Appraised driling ATP 814 in July 2022
  • Focussed Strategy - East Coast Gas
  • Strategic acreage position in hydrocarbon producing basins
  • Operatorship allows control
  • Continuous cost efficiency drive