re: Ann: 170209 Massive Coal Gas Potential SA...
Dont think the mkt has actually understood the enormity of this ann'mnt yet.
Again put simply, the drift I'm getting from JH & CO is more so in lines with extracting maximum energy & CSG/CBM could b a low option now. Why u may ask, b'zoc he's talking POWER GENERATION & GTL!!
What that means now, is with 100% burn-out rate of this 900 BT Coal, CTP could generate 18000 GJ of Power or 4950 MWh.
At 10% burn-out rate of coal, they have 495 MWH or 1800 GJ energy. Get my point!!
Some of the coal gas fired power stations under construction in QLD are using 450MW power as a benchmark ie achievable if u have the reserves. That power could then b sold off to industry at a rate agreeable between either parties.
I hope the above explanation lights up many more bulbs, in theory of course.
CTP Price at posting:
14.3¢ Sentiment: None Disclosure: Not Held
