Hi all, Would love for someone to correct any mistakes in these calculations. 1 GJ = 0.95 thousand cubic feet of natural gas at 1000 Btu/cf source https://www.cetinerengineering.com/conversiontables.html with the well subsequently flowing 4.1 million cubic feet per day and 988 barrels of condesate I did some calculations assuming condensate is of equal value to our barrels of oil sold in our most recent monthly update A$124.49 per barrel (probably worth more IMO). 988 barrels/day × AUD $124.49/barrel = AUD $123,057.12 per day 4.1 million cubic feet (mmcf) = 4,100 Mcf. Mcf to GJ using the given conversion factor:4,100 Mcf ÷ 0.95 Mcf/GJ = 4,315.79 GJ/day. Gas price at AUD $10 per GJ: 4,315.79 GJ/day × AUD $10/GJ = AUD $43,157.90 per day. Daily total revenue AUD $166,215 Annual AUD $60,672,479 (60 million) Obviously excludes all costs and is not financial advice value of condesate drastically varies these numbers. Appears based on these pre cost calculations to be a money printer with the only issue being the size. At 5 BCF the well life time would be 3.34 years, 6.68 years for 10BCF and so on
BAS Price at posting:
10.5¢ Sentiment: None Disclosure: Held
