Michaeljob
.
Not investment advice of course please DYOR.
.
Thanks for your recent post.
.
If it doesn’t break any rules, I wouldn’t mind catching up with you some time. I would be surprised if our paths have not already crossed along the way.
.
The model is being progressed along with a reasonably detailed report for later.
SS001.pdf
.
I have done as good a job as I could of plotting the North, Central & South prospective areas and used Google earth as a planimeter.
Testing a hypothetical 400 TJ/Day down the pipe.
.
If the 3 combined prospective areas totalling about10,000 Sq. KM yield 2.6 TCF which is at the lower end of the published risked (1U) reserves, allowing for unproductive areas, IMO the whole tenement would probably be struggling to deliver 400 TJ/day for 15years.
.
On the other hand if the initial post core drilling analysis points to the best estimate of 2.6 TCF then the white shaded area of about half of the central prospective area could achieve this output target.
Even allowing for a nearly 50% factor the Central area should be able to handle to 400 TJ/day x 15 year target.
I have nearly gone cross eyed doing the mathematics behind the model!
The configuration in the attached .pdf capitalises a transactional (2P) price/GJ and runs on a 750 M well spacing with a productive well life of 2 years. (Bit rough I know… really need to do it on Primavera)
There are now some detailed notes on the model for those who are interested.
.
The main issue IMO is the need for (Serious) shareholders to support adequate equity capital raising for the necessary seismic, core wells, and pilot drilling to drive the project on a suitable time frame.
.
Regards
.
OGP
