Range is near existing pipeline. Its about 110 kms from Range 2 ( north east border of tenement ) to Wallumbilla gas hub. Processing equipment and connection to existing pipeline spend are involved - how much ?. Qld govt estimate of recoverable gas is 75 - 90 PJs. At current net price to CTP AU $ 5.14 thats AU$385 or AU$462 million. Over a ten year field life thats average AU$ 38.5 / $ 46.2 million a year. Those figures are before Brownfield costs and income tax. Will the field if successfully established last beyond ten years ? Similar find near existing pipelines and treatment plant at Mereenie / Dingo / Palm Valley / Ooraminna would be execellent - that would give continuation of lowest production cost and maintenance of plant efficiency N.T. When does that entrancing exploration project begin ?
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