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gross worth meo with 15tcf gas, page-14

  1. thunderbird
    767 Posts.
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    21/01/09
    22:36
    Post #: 4715745
    Ya,

    I understand mcf to equate to 1000 cubic feet.

    Am I right or wrong.

    If I am right and based on your numbers of (current rate is US$4.5/mcf or A$7/mcf) the calculation based on say 15tcf at 20% return would be around A$21 billion.

    What part of the maths have I mis-understood

    I need help to understand the in ground conversion value better

    THx

    Frank
    MEO Price at posting: 29.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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