Thanks Freehold. That clarifies on the speculation status, and...

Thanks Freehold. That clarifies on the speculation status, and the path to commercialisation.

My calculation is that 22 TCF = $88 billion at $4 per 1000 thousand cubic feet.
*http://www.natgas.info/html/natgasunitscalculator.html

That sounds like a lot.

But I've also read some articles that talk about profitability of 1TCF being at around a billion - but that does depend on where your labour rates are, infrastructure, type of gas.

In India , "Several gas discoveries of firms like Oil and Natural Gas Corp ( ONGC) and Reliance Industries have been declared unviable by the Directorate General of Hydrocarbons (DGH) as current gas price of USD 4.2 per million British thermal unit was inadequate to cover the cost." They mention a 3TCF discovery here.

http://articles.economictimes.indiatimes.com/2013-06-30/news/40286988_1_several-gas-discoveries-gas-finds-usd-4-2


So it all comes down to how much does it cost to monetise? And what do we need, resource wise, for it to be commercially viable.

These are questions I'm still trying to understand. I guess that is why the Armour guys have beefed up their expertise in infrastructure/operational consisderations because that would be the next big question to answer for the market, once a (significant) discovery is (hopefully) made.