ARQ announcment today didn't contradict previous estimates of 5,000 BEFORE Hovea-5-6-7 was to be put on production so ..... with this new well, i believe they should be producing at least 6,500 BOPD. Water injection will probably be needed to maintain this.
6,500 BOPD * A$28/BBL * 50% = A$91,000 day, or $2.7M month or A$32M year .. this is nearly the same as AWE Bassgas project! .. from ONE field!
NPV could fall to $20/BBL though with lower oil prices and stronger A$.
NPV = ((US$30 - US$5) / 0.6) * 0.667 = A$28, where production costs = US$5 and exchance rate 60c.
Interesting H7 found a gas cap, meaning H1 didn't intersect the crest.
6,500 + bopd
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 5GN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $52.18M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.0¢ | 14.0¢ | $117.7K | 784.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 143333 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 464509 | 14 |
View Market Depth
| Last trade - 15.55pm 27/06/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |