Kupe Re-Contracting Opportunity
2016
$ZN
KUPE RE-CONTRACTING
OPPORTUNITY OCTOBER 2023
New Zealand gas prices are healthy
25
NZ GAS SPOT PRICE
20
15
10
LO
5
NZ Govt.
ར་ན་ག་གསས་
offshore ban
2017-
2018-
2019-
2020-
QUANTITY [PJ]
600
400
1400
1200
1000
800
2000
1800
1600
2200
Healthy Energy Markets
AMADEUS GAS SALES LINKED TO
AUSTRALIA EAST COAST MARKET
Forecast supply constraints are anticipated to
create price pressure
200
0
2023
2024
2025
2026
2027
2028
2029
2031
2031
2032
2033
2021
2022-
Source: Enerlytica
FORECAST PRODUCTION FROM UNDEVELOPED 2P RESERVES
FORECAST PRODUCTION FROM DEVELOPED 2P RESERVES (INCLUDINGNT FLOWS & IMPORTS]
DEMAND (DOMESTIC & LNG SPAS]
DEMAND [DOMESTIC, LNG SPAS & FORECAST SPOT & ADDITIONAL SALES]
DEMAND (DOMESTIC & MAXIMUM SUSTAINED LNG EXPORT CAPACITY]
Source: 2023-33 ACCC forecast supply from 2P reserves and demand in the east
coast, ACCC Gas inquiry 2017 - 2025: Interim [January 2022]
2016
US$
50
2017
100
2018
14
OIL PRICE TRENDING UPWARDS
POSITIVELY IMPACTING MAHATO REVENUES
2019 -
2020
BRENT OIL PRICE
2021
Source: Rystad
2022View entire presentation