Sole Mantra, page-17

@speculator101

Hey spec they might get Sole up because it could make money a lot of money. I'd think if you're the type of investor that likes planting seeds this one could be a good one to plant and wait for the rain to come. Eshmun

Sole: COE 50%, STO 50%

Cooper Energy has assessed the Sole gas field to contain a Contingent Resource (2C) of 211 PJ of sales gas (100% joint venture). Whilst project development and costing will be determined by the FEED process, the field is expected to provide gas supply of approximately 25 PJ per annum over eight years after commissioning in late 2018. Gas produced from Sole will be transported by pipeline to the Orbost Gas Plant onshore Victoria, from where it can be distributed to eastern Australian gas customers via the Eastern Gas Pipeline.

25 PJ/year is worth about $8M/PJ X 25 = $200M/year cash flow
CAPEX ? $500M PLUS ( see CAPEX for Manta gas field in quarterly report. so 2.5 year pay back on CAPEX) even if it is a billion pay back is 5 years with a field life of 20 years plus