Upgraded Production GuidanceManagement upgraded FY‑26 production guidance to 73–77 TJ/day driven by Orbost outperformance and record operating metrics. Sustained higher production increases near-term revenue and operating cash flow, improves unit economics and supports durable cash generation over the next 2–6 months.
Reserve Uplift And ECSP UpsideReserve increases at Sole and substantial ECSP prospective resources materially extend the company’s production runway and optionality. Successful ECSP development could lift plateau production >110 TJ/day, underpinning multi‑year cash flows and strategic scale beyond near‑term operational gains.
Strong Liquidity And Financing FlexibilityHealthy cash balance, low net debt and a fully available $480m reserve‑based loan provide financing flexibility as CapEx ramps for ECSP. This liquidity reduces refinancing risk, supports project approvals and development timing, and gives the company runway despite cyclical volatility.