RLT 0.00% 81.5¢ renergen limited

4 part video series on Renergen, page-21

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    So to put the potential of this sandstone area into perspective if my maths is correct:

    A well at 850,000 scf/d at 12% is 102,000 scf/day or 102mcf/day of helium. Over a 345 day year of production that equates to 35190mcf/yr or 35.19mmcf/yr or 0.03519bcf/yr of helium from one well.

    If you consider global helium usage is about 6bcf per year that's about 0.6% of global helium demand from only one well.

    Or about supply of 0.6% of the US$13.21b helium market from one well. Or if my maths is right at an exchange rate of 0.65 that's about AUD$122m/yr of the global helium market from one well. That's at pricing of about US$2200/mcf noting Renergen would only ever get that sort of pricing rarely in the bulk spot market.

    https://hotcopper.com.au/data/attachments/4860/4860734-48d13f0f93599afd0c8453cdc1684c88.jpg
 
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