Worth about 2cps to GNE from this announcement. Question is can they turn gas reserves into CF....need to find a buyer for all that additional gas I suggest.
Printable View
Worth about 2cps to GNE from this announcement. Question is can they turn gas reserves into CF....need to find a buyer for all that additional gas I suggest.
I was thinking that maybe we just get a few more years out of the field rather than the need to find additional buyers. I think at one point Kupe was due to run out at around 2027? Something like that.
https://www.nzx.com/companies/GNE/announcements/281343
Only had a brief look, but looks good to me (given market conditions)
Important part for me was confirmed turnaround in retail...
Thoughts?
I agree TJ - looks like it is 'steady as she goes' to me. I too am encouraged that their customer retention initiatives are starting to reduce the amount of churn and new customer numbers are on the rise. It will be interesting to see if this continues through the high consumption months when 'bill shock' tends to be a bit more prevalent.
Discl: holding with a view to increasing