Just a little reminder for how big the future can be.
150PJ/annum at $4M-$6M profit/PJ for the new owner is $450-600M/annum and $13.5-20B over 30 years and that’s 4,500PJs in required reserves. If we can certify those kinds of reserves in 2-3 years perhaps $1-1.5M/PJ on TO basis that’s a share price of $5-7.5. That’s 20x current SP. Long road but all things being equal it’s pretty much a dead straight road with the best drivers behind the wheel. And us passengers just need to hang on for the bumps.
Note: 150PJ/annum (400TJ/day) basis was taken from OGPs model and gas flows and reserves from nomgon 9 could easily be twice that in 20 years. That’s only 9000PJs and our risked best cast prospective is almost 15,000PJ (so far)
