Double that number. 16 million in an hour & 15 minutes !!
The keypoints for those who heard JH on BRR:
1) Agreement on $10mil bonus reserve premium payment per TCF of gas at 3P level. They believe there's 5000 sqkm of coal bearing sediments & they haven't come to terms with the potential of the coal!! This area has the potential of 5-10 TCF of UGIIP. Besides this there's 600 mmbbls of oil potential in the acreage. JH mentions, that this $10mil/ Tcf BRPP is indicative of future cash flow, once reserves are proved post-drilling.
For the no. savvy posters, a quick no. crunch here using a flat 50-70% recovery factor for the 10 tcf gaas reserves in place times the agreed $ value. Thats the no. of bucks that could possibly come flow in as future CF for CTP. Not bad for starters.
2) JH also mentions that EIR has 3-5 nominated candidates that could come in as potential partners.
3) Two tenders for rig hire are out. The first rig will drill O-2 & the other will drill 5 CSG wells plus conduct flow tests/ dewatering of their CBM93001 discovery frm last year.
Look fwd to a report frm Patersons in the future, now that JH is talking dollar-value & cash-flow. Will come, no doubt about that.
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $19.92K | 409.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1122992 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.0¢ | 59455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 292270 | 0.049 |
4 | 1239813 | 0.048 |
1 | 100000 | 0.046 |
4 | 539092 | 0.045 |
1 | 65000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.050 | 59455 | 1 |
0.052 | 95840 | 1 |
0.053 | 14662 | 1 |
0.055 | 461000 | 2 |
0.056 | 178589 | 1 |
Last trade - 10.46am 22/07/2024 (20 minute delay) ? |
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