Been a while since my last post. This one is a gas company in east coast of Australia.
It has recently upgraded it'S editba estimates above its previous guidance to $70-78M.
The company has sorted out it's production issues at new gas plant. It is now benefiting from consistent production numbers and higher gas prices thanks to ban on Russian gas. This situation is unlikely to change soon.
A price cap of $40/GJ has been placed on gas sales which is signicantly more than it's long term sale price of $8/GJ. The company is currently raking in money selling a good proportion of it's gas on the spot market.
DYOR and good luck.
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