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10.0% 0.9¢ aj lucas group limited

1Tfc per square mile, page-20

  1. Unctuous
    44 Posts.
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    14/06/18
    16:36
    Post #: 33715303
    Reasonability check:

    2km laterals imply that 4.9 square miles can be accessed by the PNR pad. So that’s 4.9 tcf in place and 490 bcf recoverable at a 10% recovery ratio.

    24 laterals at an average EUR of 20 bcf each = 480 bcf.

    Close enough.
    AJL Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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