RE: Exciting Future for the Up and Coming JSE Gas Giant.26 Jan 2024 09:02
You are right Marine. This is looking very exciting. My target is £1.20 by the Year End.
“The development of the Akatara gas field will not only displace coal in Indonesia’s energy mix, thereby assisting the transition to a lower carbon economy, but will also deliver LPGs for domestic use in the local market. Once onstream, Akatara will support our growth strategy, while at the same time increasing the proportion of gas in our production mix. Fixed-price, low-opex gas production provides a balance to our existing oil assets, and has the added benefit of reducing the GHG emissions intensity of the Company’s operations. Signature of the GSA is the key commercial hurdle for the project and increases our confidence in taking a final investment decision for the project in the first half of 2022, with production expected onstream in the first half of 2024.”