The Upper Angwa trap is about 200km2, so it's possible to work out a really rough estimate of the amount of gas once we know the porosity, permability, pressure, gas content, how thick the gas column, how much nitrogen, co2 etc.
Very roughly if we had 100m of pay from just methane, at 20% porosity over 200,000,000sqm (there being a million sqm in 1 km2, then using an online gas expansion calculator I get a rough ....
200,000,000 sqm X .2 porosity X 240 gas expansion factor (based on 4,500 psi, 100*C low Co2, N2 etc) X 100m column height = .96tcm X 35.3 (change tcm to tcf) = 33.88tcf...
Pressure should be greater than 4,500psi, but the above is a conservative estimate for 100m of gas pay. Of course if the gas pay zone was several hundred metres thick, plus pressure higher, then the numbers go way higher..
It's the sheer size of the trap that adds so much value. Now if we have light oil...
The whole basin isn't worth billions, it's hundreds of billions to trillions, OK calm down...
My take trading halt on Thursday morning, announcement next Monday, with the word discovery in TH announcement and a great week-end had by all shareholders, while Scott works to write it all up...
- Forums
- ASX - By Stock
- IVZ
- Ann: Total Depth Reached with Additional Zones of Elevated Gas
Ann: Total Depth Reached with Additional Zones of Elevated Gas, page-173
-
- There are more pages in this discussion • 214 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IVZ (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.1¢ |
Change
-0.003(4.05%) |
Mkt cap ! $107.6M |
Open | High | Low | Value | Volume |
7.2¢ | 7.3¢ | 7.1¢ | $28.49K | 397.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 763023 | 7.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.2¢ | 12144 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 763023 | 0.071 |
11 | 1133819 | 0.070 |
3 | 243845 | 0.069 |
3 | 320000 | 0.068 |
2 | 254700 | 0.067 |
Price($) | Vol. | No. |
---|---|---|
0.072 | 12144 | 2 |
0.073 | 866000 | 5 |
0.074 | 1002617 | 5 |
0.075 | 992937 | 7 |
0.076 | 1010000 | 5 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
Featured News
IVZ (ASX) Chart |