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1.5¢ samson oil & gas limited

By my unreliable calcs, Bluff has an estimated, 53 200 000 cubic...

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buc

7,861 Posts.

11

17/12/14

10:47

Post #: 14473339
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Originally posted by buc ↑

You can't see value?

"We understand that liquid nitrogen supplied to the energy sector is priced at around $20 per mcf."

"We understand helium has a current market value of around $185 per mcf."

"The total reservoir volume represents a gas in place (GIP) of 35 BCF"
(35 BILLION CUBIC FEET)

Helium - 0.152%

Nitrogen - 97.58%

"estimated at 20 million barrels of oil in place. Typical recovery factors are around
25% and thus 5 million barrels might be recovered in this scenario."

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By my unreliable calcs, Bluff has an estimated, 53 200 000 cubic feet of Helium.

0.152% of 35 Billion Cubic Feet = 53 200 000

Last edited by buc: 17/12/14

SSN Price at posting: 1.1¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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