Open market gas price around $4 per GJ or 10^9 Joules Peta is 10^15
therefore 1PJ is 10^6 times more than a GJ so open market price per PJ is around $4million ish
P2 or sometimes referred to as P50 is 50% confidence that that will come out of the ground
P3/ P10 is 10%confidence P1 or P90 is 90% confidence
Do it!....The pure maths on MEL's resource is just wondrous!
Trouble is you need transportation, a customer and leaky wells when the industry is under the spotlight as it is ain't a great look hence a poxy MC of around $90M
My figures here are rough enough for my own use but come with a DYOR recommendation
weekend lesson about mel, page-4
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