big daddy has arrived !!, page-6

Ok here's the translation in simple terms for all.

That 44m is thickness of sands. Logging will confirm how much of it is NET clean sand (say 30m out of 44m, 68% N:G ratio)

As per the map, we know the area for Z-1 in sqkm, apprx about 190-200 sqkm. So that gives u the volume of gas bearing sand in the acreage!!

Multiply that by porosity of the sandstone, HC saturation, gas volume factor to get Gas In PLace (10-15 tcf+).

Multiply GIP by recovery factor & MEO's stake in this JV, to get recoverable gas volume & MEO's net share.

Multiply that net share by current gas price on the West coast (say A$5), u get the dollar value.