Another large write-down for Arrow but potentially turning the corner now the reserves book has been cleaned up and development is getting underway. Quoted in The Australian https://www.theaustralian.com.au/business/mining-energy/shell-and-petrochinas-arrow-gas-venture-in-520m-writedown/news-story/1dd35caef9b4de5aecd5f79b0f33463a?utm_source=The%20Australian&utm_medium=email&utm_campaign=editorial&utm_content=BusinessReviewAM&utm_source=Email&utm_medium=&utm_campaign=&utm_content=  

Equinor’s decision to abandon drilling in the Bight is disappointing but not surprising. Disappointing because Australia imports one million barrels of oil per day to meet its thirst for petrol, diesel and jet fuel. Disappointing also because of the loss of potential economic benefits for South Australia. Not surprising because of the cost of drilling […]