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Upside Potential at LD, page-325

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24/09/21

13:35

Post #: 56325805
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Originally posted by alexei ii: ↑

@OldGeo thx for doing that. I didn't have a FVF handy, (need temp and pressure). The FVF will vary across the 800 m column. Also i did not allow for water saturation. 0.8 RF is reasonable given 500 mD.

The company did say they expect to exceed the pre-drill High Case. I take that to mean for the bit they covered with the 66 km2* (I take that to mean >1.1TCF) and that the yellow bit adds a low risk 22 km2*, so if you do a linear addition, it means they're expecting 1.45 TCF or more. They have all this stuff in their models, so that would be the most accurate number for me at the moment.

Using the ROT $1B per TCF, that puts NWEs share of the find at around $300M.

So when you asses EV...
Don't forget the oil
Dont forget extra gas from leakage
Dont forget Lead E
and the other prospects.

People should have a look at your cross sections earlier in the thread to see how Lead E sits in relation to LD/NED. Lead E is not too big a stretch at all, and id say by the time they complete seismic it will be a very high GCOS.

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"NWEs share of the find at around $300M."

Using completely different methods that's about where I ended up... roughly 6 cents?

NWE Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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