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OGYes, that is correct.But this legislation has already been...

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Al99

2,629 Posts.

677

01/05/23

16:41

Post #: 67548411
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Originally posted by OldGeo: ↑

Hi FoundWanting,
I'm unsure, but in my view, I believe the 100PJper annum hydrocarbon gas will apply to the gross (100%) production from the gas field for each year of production. Also, it is unlikely that Vali or Odin will ever be producing 100PJ/year (95BCF/year). If Vali produce at 15mmscf/d hydrocarbon gas for 365 stream days, that is around 5.5BCF per annum (5.8PJ), well short of the 100PJ per annum threshold. If my sums are accurate.....

Kind regards OldGeo

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OG

Yes, that is correct.

But this legislation has already been passed by the "government", yet there is no clarity on a simple question like that.

This is what happens when ideology rules over economic rationale.

Clearly, I am unhappy with all this uncertainty.

Cheers, AL

MEL Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
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