@SkunkWorks We have a strong core, There were more than 2500 Nwe Shareholders that Chris Ellison wanted to target last week . There is more than 20 years in the 250 TJ /day gas plant from what Chris Ellison said on the 16th of December. We wants to have the minimum 250TJ plant in place by 2024 . To quote him directly “So what we want to find out is can we get a little greedy and build the plant bigger”. using V10 $6 MCF with Market value $2 MCF . This does not take into account a demand surplus in 2030 or price/cost escalations
1 NWE Fields/Prospects/Leads
Est Trap Size km2
Est/Conceptual BCF Gas in place range *
Proposed Gas plant by 2024 TJ/Day
NWE Conceptual Value /MCF at lower bound
2 LDGP
102
2,400-3,700
250 **
1.01 B
3 Lead A
4
90-150
0.04 B
4 Lead B
6
140-220
0.06 B
5 Lead C
12
280-440
0.12 B
6 Lead D
20
470-730
0.20 B
7 Lead E
65
1,500-2,400
0.63 B ***
8 Lead F
16
380-590
0.16 B
9 2.22 B or 31 c/Share
Table 1: New Leads
*Assumes 70-110 BCF/3 km2 from June 2022 announcement
** MIN AGM 22/11/2022 “So what we want tofind out is can we get a little greedy and build the plant bigger” 16/12/2022
*** “” Off particular interest to Norwest isLead E which Directors believe has the potential to be of a similar scale toLockyer”. ASX 10/1/2023 Target statement pg. 8 paragraph 8
All enclosed is my opinion, and not considered investment advice, do your own research
Conceptual field size Range Val Lead 70 BCF/3km2 110 BCF/3km2 NWE's lower bound Km2 23.3 BCF/km2 37 BCF/km2 $2/MCF NWE's upper bound LDGP 102 2,377 3,774 $4,753,200,000 $7,548,000,000 1,002,925,200 1,592,628,000 Lead A 4 93 148 $186,400,000 $296,000,000 39,330,400 62,456,000 Lead B 6 140 222 $279,600,000 $444,000,000 58,995,600 93,684,000 Lead C 12 280 444 $559,200,000 $888,000,000 117,991,200 187,368,000 Lead D 20 466 740 $932,000,000 $1,480,000,000 196,652,000 312,280,000 Lead E 65 1,515 2,405 $3,029,000,000 $4,810,000,000 639,119,000 1,014,910,000 Lead F 16 373 592 $745,600,000 $1,184,000,000 157,321,600 249,824,000 TOTAL $10,485,000,000 $16,650,000,000 NWE Share say 21% ave $2,212,335,000 $3,513,150,000 2,212,335,000 3,513,150,000 TRUE TRUE
