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5.6¢ elixir energy limited

Ann: Daydream-2 Operations Update, page-120

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Gharp

4,972 Posts.

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29/04/24

18:02

Post #: 73564936
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Originally posted by BasVermeulen: ↑

2.5MMSCF/day is the break even point.

We don't know the flow rate of the Lorelle zone at this stage.
We also don't know how much the other zones will flow after will have completend their fracking program.

Whilst I understand what you are saying - that 2.5mmscf/day is pocket money - we don't know what rate we will eventually flow from this welll, and therefore we don't know how much money we will make from this well. The market currently only knows that the lorelle flows higher than 2.5MMSCFD and is therefore deemed commercial stand alone.

So I honestly don't think you can already draw any conclusions about the technical and financial performance of this well?

Expand

I'm actually not sure how to read it as the assumptions appendix has 100 wells over 40 years at that flow rate as the breakeven point. So scaling it back to a few wells can you make the same assumptions.

EXR Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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