Question · H1 2017
Paul McTaggart asked about the company's strategy for its mature Bass Strait asset in Australia, considering the improving East Coast energy price environment, and whether it was a long-term hold or a potential divestment.
Answer
CFO Peter Beaven described Bass Strait as a 'wonderful asset' that remains an important and attractive part of the portfolio, especially with gas price equalization on the East Coast. He confirmed that while they are seeking to sell some very mature, liquid-focused parts of the asset, the main bulk of the gas asset is not for sale and is still considered a strong cash generator.