RE: Completion of JV now imminent. Initial target set for 0.35p after RNS.29 Aug 2024 12:20
It's what they are for , to egg the clients pudding, always been wider issues at play here, all we need is a YES , or a statement Beaco/Natarbora will be built and our zero valued asset , will explode, same as Sunrise.......
Sunrise on Woodside books at $0.00c, for a few years, previously valued in the HUNDREDS of $ Millions, marked down year on year due to the various force majure and impasse (2 decades of) due to denied path to MONITISE, making the assets of no value.
Hence the importance of that Sunrise resolution, promised by both sides by the end of this year. Shell rated Chuditch as probably BIGGER than Sunrise on full development, so if Woodside books roar back to big bucks, so will the restored value to Chuditch , Kelp etc.........
Sunrise at 2021 Oil and Gas conference , pre gas price boom , valued at $60 billion Gas plus $15 billion condensate, over its expected FFD and 30 year production life. (5 tcf + 220mb condensate)
Chuditch snail paced catch up now 3.5 tcf , still with much upside, so how undervalued are we, if/when Sunrise has its value restored ????????
as said many times SNDA a little Minnow holding a Super Major's asset, route to market = mega multi bagger.
GLALTH's