TPD 0.00% 21.0¢ talon energy ltd

Ann: STX: Successful appraisal of Walyering gas field, page-58

  1. 203 Posts.
    lightbulb Created with Sketch. 40
    it’s safe to roughly estimate 1bcf to $1,000,000
    i.e 63bcf = 63 million MC
    until production testing however it amounts to diddly squat for the most part, seems pretty common for the market to value it at around 50% of the discovery pre proofing of the well so say $30mil of value added today + whatever the oil amounts to (which I believe the report described as below the original estimate)

    this is the main reason we didn’t see much change today apart from the overall market pressure
    our prospects are just that until mid Q1


 
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