MEL 33.3% 0.4¢ metgasco ltd

Ann: Vali and Odin on schedule for first gas, page-17

  1. 4,809 Posts.
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    The production from a gas field is not just constant and then stops .
    It rises at first as production wells are drilled and then declines at a rate that depends on the characteristics of the reservoir .
    I think a plain reading of their announcements indicates that all the gas for the first 4 years is under contract but I do hope that I am wrong .

    Unfortunately prices go down as well as go up .
    All the forward assumptions are that gas prices will go up but contracted prices may not b.e lower than spot prices if a black swan event was to occur .
    Gas prices were not too flash in the darkest days of the Pandemic
 
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