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
