F they are good figures
"Conceptual development scenariosIt is very early days into this project, but in its Expert Report, RISC outlines a staged developmentconcept, which could exploit ~1000 Bcf of gas, initially to displace diesel from mine-site powergeneration. The concept is to produce 55 TJ/d (20 PJ p.a ) over 25 years. Export agreements toChina would be needed to underwrite a larger project. To fully exploit the 3292 Bcf resourceidentified in the Nariin, Enkhen and Biluut regions, RISC postulates 400-1500 wells would beneeded, and which would be a major undertaking for any company. At this time, the JV does nothave the financial capacity and organisational depth that would be required to deliver a largeproduction project. Securing funds and finding partners with development skills are critical toTMK’s progression beyond an exploration phase.To put some perspective around the value of ~1000 Bcf, if proved to the level of 2P reserves, inAustralia currently, companies that have commercial 2P gas production are priced betweenA$1.20/GJ and $2.10/GJ and so a ~1000 Bcf resource, would command a value of between ~A$1and A$2B.A ~20 PJ p.a. gas contract, from the perspective of revenue potential, with gas prices at ~$10/GJ,would deliver a revenue stream in the order of $200M p.a.Thus a key observation is that if the TMK can progress and prove and produce such volumes, thenthe upside compared to the current market valuation is multi-fold"
nearby is 350 mill pa. so that over a billion mcap easily.
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Mkt cap ! $20.76M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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23 | 26175582 | 0.3¢ |
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Price($) | Vol. | No. |
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0.4¢ | 46697569 | 26 |
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No. | Vol. | Price($) |
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19 | 24704916 | 0.003 |
22 | 56280902 | 0.002 |
8 | 67500049 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 45064236 | 25 |
0.005 | 36524135 | 18 |
0.006 | 6490130 | 11 |
0.007 | 16127299 | 5 |
0.008 | 855714 | 2 |
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