MEL 16.7% 0.4¢ metgasco ltd

Ann: Two Wells Online as Vali-3 Commences Gas Production, page-90

  1. 2,813 Posts.
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    The $ per GJ looks right but the quantity of the gas produced is less than I expected.

    If they produced 4 million cubic feet raw gas a day, this gives 4220GJ a day or 160,360GJ (0.16PJ) for 38 days. VEN's share would be 0.08PJ raw gas. If we assume 20 per cent impurities, this gives 0.064PJ processed gas. Either way, one well is not enough to cover the costs.
 
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