Cuadrilla says 72 wells could be drilled from same pad. Anderson Thompson calculated most likely volume gas is 6.5 Bcf thats 7, 150, 000 Gigajoules. BGS estimates P50 case Total Gas In Place Bowland Shale 1,329 Tcf. Recovery rate 10 % versus 15 - 30 % USA used. Gas could meet UKs demands for decades. 72 wells x 7,150, 000 GJs X ( net to Caudrilla ) AU$7 is AU$3, 603, 600, 000. Over 30 years thats AU$120, 120, 000 a year net income to Caudrilla. Are the costs of drilling 2.5 kms horizontal wells or Caudrillas valuation of field known ? This is substantial money justifying a substantial FIGHT BACK.
AJL Price at posting:
2.7¢ Sentiment: None Disclosure: Held
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