Reality calling JMAX16 Feb 2024 16:16
I wouldn't call $8 Million a month , $96 Million a year NET (Added to the bottom line) to Tullow small change?
Just remember the Interim Gas agreement currently in place, is at least 50% cheaper, than the other suppliers locally, hence the figure of $8 Million above ($4 Million pre-agreement)
But also remember we are only supplying half the gas we produce, at around 90 - 100, we have capacity at the moment for 200, with an increase this year to 300.
So those numbers above have a realistic opportunity, to create a material increase in further FCF.
We still have royalty rights in the Uganda development project, which will complete next year at an average $40-$60 Million a year, with no time limit, so 25 -40 years worth of additional income.
GL ALL