It is not cheap, and it would scare the crap out of many investors.
Below is what it has been costing to drill oil and gas wells.
`Marketing Communication Your Capital is at Risk
Only recently, wells in the Paradox Basin have cost US$8.0m-US$14.0m to drill. However, as a function of improved technology, modern rigs and an existing well pad, the State 16-2 well incurred expenditure of US$3.0m of which c.US$1.0m was non-recurring data acquisition costs.
- www.asx.com.au/asxpdf/20090625/pdf/31j7ff2dz9yvcw.pdf · PDF file
Drilling Costs (Million USD) $7 Completion Costs $1.5 _____ Total $8.5 Cost per Mcf $0.56 to $1.21 Gas Pricing (USD) Gas Price (mmBtu) $5.15 Heating adjustment 1115 Btu/mcf $5.74 Gas gathering, taxes & Transport $1.40-----Net $4.34-----At 4mmcf/d Well pays itself off in 1.4 years. (22% ROR)
These wells are drilling about 3,000 to 5,000 feet deeper for oil and gas, so costs for a brine extraction well will be cheaper.
Based on current technology the depth to drill and type of bore hole, I estimate it will cost about 1.5 to 2 million US dollars per well.
I will be very happy if its cheaper.
- Forums
- ASX - By Stock
- ASN
- Ann: Anson Applies to Drill Two Production Wells
Ann: Anson Applies to Drill Two Production Wells, page-48
Add ASN (ASX) to my watchlist
|
|||||
Last
9.9¢ |
Change
-0.001(1.00%) |
Mkt cap ! $127.9M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.6¢ | $82.32K | 847.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13500 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13500 | 0.097 |
6 | 154546 | 0.096 |
8 | 554628 | 0.095 |
4 | 183258 | 0.094 |
4 | 132969 | 0.093 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 10000 | 1 |
0.105 | 195197 | 4 |
0.110 | 565132 | 8 |
0.115 | 519448 | 6 |
0.120 | 1723862 | 6 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
ASN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online