Guys,
Just cross your fingers as i figured out the gross worth of MEO if it does find 15 Trillion Cubic Feet of Gas
1 TCC = ~20million tonnes of Methanol (gas)
price per tonne = US500.00 i.e. Approx AUD660/tonne
i.e. the success looks like this
15 * 20 = 300 Million tonnes of methanol
Price = 300* 660 = 198000 Million Dollars ??????
Guys am I dreaming or wat I got this info from the following sites
TCF to Tonne calculation
http://www.chemlink.com.au/conversions.htm
Cost of gas per tonne which I got from MEO website itself
http://www.meoaustralia.com.au/_questions-answers.asp
I think Mr Palmers 45 Mil investment is now justified :)
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