PEP11 has a contingent resource of 5.9TCF of gas.
Advents working interest is 85%. Round that to 5TCF.
5TCF = 5,275,279,263 Gj
East Coast gas has ranged from $12Gj - $25Gj over the last 9 months.
Conservative that gas price $10Gj.
$10Gj x 5,275,279,263 = $52,752,792,630
$52,752,792,630 × 37.95% = $20,019,684,803
Yes - PEP11 is Mec Resources major project.
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