2C Contingent Resource of 4.9tcf so let's see what can be proven up into reserves from the 30 successful wells thus far and maybe any historical well data Sproule might have on the area.
Any guesses?
My guess would be between 0.5tcf and 1tcf which if worth let's say AUD$10/mcf then that would be an inground value of proven 2P reserves of AUD$5b to AU$10b of methane
KKO Price at posting:
9.3¢ Sentiment: None Disclosure: Held
