Strong Well Flow TestThe SS-6H flow test showed sustained, stable multi-day gas rates and low early declines, demonstrating reservoir quality and deliverability. Durable evidence of productive horizontals improves the odds of commercial wells, supporting long-term project economics and future gas volumes once tied-in.
Clear Path To First Gas SalesManagement plans to tie production into the Sturt Plateau Compression Facility and commence gas sales in 3Q 2026, a structural milestone from exploration to production. Achieving tie-in and initial sales materially de-risks commercialization and underpins future cash flow and financing options.
Supportive Balance Sheet And Asset BaseA sizable equity base and growing asset base provide capacity to fund near-term development and completions without immediate insolvency risk. Moderate leverage leaves room for project finance or partner farm-ins, offering structural financial flexibility during the multi-quarter build-out to first production.