IVZ media thread, page-5904

Mukuyu 2 sidetrack samples confirm Condensate yields



While a moderate condensate ratio at 14 to 22 bbl condensate per million cubic feet gas the result from Mukuyu-2 samples is of significance:

• E.g. if sold 1 million cubic feet at US$4/mcf = $4000 plus,

then at lower end of liquids ratio add…

• 14 bbl condensate at US$70/bbl adds US$980 or extra 25% of revenue stream;

or at upper end, instead add…

• 22 bbl condensate at US$70/bbl is US$1,540 or an extra 38% of revenue.
• Presence of Helium and Hydrogen may present value adding opportunities if concentrations are found to be significant across the greater Mukuyu feature. Helium sells for ~150x methane value and modest concentrations in a big gas field can add outsized economic benefits.
• Mukuyu-1’s Mud-gas and largely from upper sections came in at 30 to 135 bbl/million cubic ft gas.