Emperor Energy Ltd (ASX:EMP) is incrementally piecing together, step by step, the Judith Gas Field Project in Victoria, according to director Phil McNamara.
In a quarterly activities report, he said the next major project milestone would be securing an exploration and production partner for the drilling of the Judith 2 Well.
McNamara said: “In late 2020 Emperor Energy significantly reduced Permit Risk when the relevant government authority, NOPTA, extended the Permit Term for the Judith Gas Field.
“In January 2021, we have seen completion of the project Pre-Feasibility by APA thus providing clarity on the proposed plant site, approvals process, scheduling and project costs.
2 of the best ASX 200 blue chips to buy right now fool.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com.au Daily Mail and Mail on Sunday newspapers.
2 ASX 200 shares worth buying for income
Tristan Harrison | March 7, 2021 7:00am |
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There are some businesses in the
S&P/ASX 200 Index (ASX: XJO) that have relatively high dividend yields and a history of increasing those payments for shareholders.
With the Reserve Bank of Australia (RBA) official interest rate at almost 0%, it’s hard to generate any meaningful returns from cash in the bank.
Here are two businesses with a track record of growing dividends:
APA is one of the largest infrastructure shares on the ASX. It owns a vast gas pipeline network around Australia, it reportedly supplies around half of the country’s natural gas.
APA (ASX:APA) share price on watch with HY21 report, upgrades distribution guidance
Tristan Harrison | February 23, 2021 9:32am |
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APA FY21 half-year highlights
APA announced that its half-year revenue fell by 0.6% to $1.07 billion. It reported that there was strong volume growth in Western Australia, the Northern Territory and sectors of the east coast grid offset by softer contract renewals and lower energy consumption in Victoria.
The business said that it made a loss after tax of $11.7 million including significant items. This includes a non-cash impairment recognised against the Orbost Gas Processing Plant of $174.5 million.
Net profit after tax (NPAT) excluding significant items was down 7% to $163 million. Operating cash flow was up 1.4% to $519 million due to favourable working capital movements.
Gas giant writes down gas processing plant as it weighs rapid decarbonisaton reneweconomy.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reneweconomy.com.au Daily Mail and Mail on Sunday newspapers.