Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
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this can.t be right?
asx rns
woodside,post record profits.....
https://www.reuters.com/business/energy/woodside-partners-pick-plan-timor-sea-sunrise-gas-project-soon-2023-02-06/
https://www.baronoilplc.com/projects/timor-leste-tl-so-19-16-psc/
https://www.fool.com.au/2023/02/07/why-the-woodside-share-price-could-leap-higher-in-2023/
https://www.baronoilplc.com/projects/timor-leste-tl-so-19-16-psc/
https://www.fool.com.au/2023/02/07/why-the-woodside-share-price-could-leap-higher-in-2023/
https://www.fool.com.au/2023/02/07/why-the-woodside-share-price-could-leap-higher-in-2023/
After years of delays, it appears Woodside is closer to developing its joint venture Sunrise gas field.
Sunrise is located some 150 kilometres offshore of Timor-Leste and 450 kilometres from Darwin.
Woodside owns approximately 33% of the $50 billion gas field, with its joint venture (JV) partners Osaka Gas and the Timor-Leste government owning the rest.
Development of the gas field has been on the back burner as the partners debate the merits of constructing an LNG export plant in Timor-Leste. Woodside has opposed that proposal, citing higher costs involved than processing at existing plants in the Northern Territory.
Now, as The Australian reports, Woodside is reconsidering its opposition to that plan, with new modular technology potentially bringing the costs of constructing a plant in Timor-Leste down to a palatable level.
In a move that could offer a boost to the Woodside share price, the oil giant stated it will now conduct a new study alongside its JV partners with a “strong focus on delivery of gas to Timor-Leste”. The company will compare how that plan stacks up against delivering the gas for processing to Australia.
“It is important we continue to look at ways to develop the Greater Sunrise fields using the latest technologies by evaluating, for example, modular LNG, that did not exist in the past,” Woodside CEO Meg O’Neill said.
According to O’Neil:
Against a backdrop of global geopolitical instability and constrained energy supply chains, there is an opportunity for the Sunrise Joint Venture to significantly advance this regionally important project…
The Timorese are very keen to have that development in country and we recognise it is an important national project for them, so we feel like it’s appropriate to reopen the concept evaluation, understand the technologies, understand the technical challenges.
I hope. you are right. re the tax - but - I have read that Australia. is. considering a windfall tax on energy . companies
The price has fallen too far, so I bought some more. The COP news is good, and this share is on the rise. Good value compared with BP, and no tory disaster tax to face.
Thanks - fully. franked means no withholding tax.
I don’t think so as the dividend is fully franked. However I am not qualified to give tax advice.
Is the. dividend subject. to an Australian. withholding tax - normally 47%?
Have switched my BP investment to this, looks more promising. Will add as cash available
Huge increase in dividend.
should have wait.
Sold
Thanks for the info all, I'd seen the divi history but thanks Andy for the date confirmation which was also confirmed in todays RNS. Lot of bum info on the internet, a site said results 17-08-22 but must have been a guess. WDS very perky today... >£20 per share as I type. GLA.
see here :- https://www.dividendmax.com/australia/australian-stock-exchange/oil-and-gas-producers/woodside-energy-group-ltd/dividends
for previous and future divi paymants
Half year results to be published 30th August.
One site I looked at today suggests Divi declaration is tomorrow. I'm not getting RNS's through my ISA custodian for some strange reason so it would be great if there was a little more chat on this board. It looks as if this is the quietest corner of the LSE forum... GLASH.
Thanks Gazelle
interim is end-august. Paid mid-September.
Does anyone know what and when last year's dividend was paid please?
div high. thats good enough for me
Very volatile SP for oil company - 10% down in a few days!
More a quick overview of some of my findings for others to add to. Have to admit to having sleepwalked into owning some of these by not paying sufficient attention to my BHP shares but having looked into it I like what I've got.
Oil production costs of $4.8 (2020) and $5.3 (2021)
Dividend maintained throughout covid and not many oilers can say that. Mentioning no names... albeit it is variable.
Cash margin of 78% (2020) and a free cash flow of 1.8bn (2020) and 851m (2021)
Oil price in 2021 was $83-52 and dividend was $1.35. So far oil price in 2022 has been north of $78 (Jan) and averaged around $100 approx. Impact on free cash flow with a steady production cost is clear.
I will hold on the expectation of divis and specials with an eye on their LNG developments which appears to be a fuel for the transition, whenever that occurs.
Happy to discuss others findings, analysis and general thoughts around this interesting new addition.
Thks Keith! Indeed i saw the zero cost!