shrewd crude report valuation, page-13

hey seamfiend,


I will repeat what Pottermore said from the Excellence in oil and gas expo...

quote-" Well the range quoted by the WA minister, he thought was between $6 to $14 per 1000cubft but other speakers mentioned ranges up to $18 per 1000cubft"


if prices are at the upper end of the band or even a little lower, then $8 MCF after costs is very conservative indeed... our production costs are low as Two major pipelines (the Dampier-Bunbury pipeline and the Parmelia pipeline) run near this permit, which lies immediately north of the energy-hungry markets of Perth and South West WA and immediately south of the emerging Mid West mining province...

I would never intentionally overstate facts... So I have been semi conservative.... assuming 330 production days per year, 10% discount rate... and what seems to me a fair MCF price

take care buddy, and do the research before you start to say things like that... This is Western Australia...
Things are different here... and so is the pricing...

.^sc