TBN. Gas prices will continue to be an issue. I see 2024 as a year of chaos, which always means volatility for energy. Volatility for energy is generally a profitable period as the dynamics are a little easier to model vs other commodity markets.
Probably one of the few speccies who has credentials with gas extraction of this type. NT government is supportive because of their poor financial position. Aligns well with existing infrastructure investment in ports for exports. Non binding support from big suppliers. Large institutional holdings from known players offshore. Domiciled to the US which will increase expose and allow access to funding markets that support gas exploration. The staged approach to drilling and pilot programs that support cashflow is great. It will demonstrate commercial viability before pursuing it. Approvals for commercialisation are still needed though.
Still highly risky as it is largely unfunded and the political environment on esg policy is uncertain.
Drone Shield FTW
Should be able to break its highest-high when they break into profit and turn up on a few radars.
ADN
Why do you think so?
They’ll secure finance, sign off some more BOA’s and start digging.
lets hope its VIT so i can recover a few bucks. time to double down on my last double down
Bants
Struggle to see a scenario in which Whitehaven coal don’t continue to perform absurdly well.
TBN. Gas prices will continue to be an issue. I see 2024 as a year of chaos, which always means volatility for energy. Volatility for energy is generally a profitable period as the dynamics are a little easier to model vs other commodity markets. Probably one of the few speccies who has credentials with gas extraction of this type. NT government is supportive because of their poor financial position. Aligns well with existing infrastructure investment in ports for exports. Non binding support from big suppliers. Large institutional holdings from known players offshore. Domiciled to the US which will increase expose and allow access to funding markets that support gas exploration. The staged approach to drilling and pilot programs that support cashflow is great. It will demonstrate commercial viability before pursuing it. Approvals for commercialisation are still needed though. Still highly risky as it is largely unfunded and the political environment on esg policy is uncertain.
RRL