Shoot, I left off the "1" from 1200 when copy/pasting. Didn't...

First 356 Last

Share
Profile

Follow
SneakyJonny

61 Posts.

110

24/06/24

01:34

Post #: 74450403
Share

Originally posted by SneakyJonny: ↑

Woops, thanks for posting that. I made the mistake of multiplying by the 60% efficiency rather than dividing by it. The efficiency being below 100% causes gas usage to increase whereas my calculation caused it to decrease. So my calculation did not make logical sense. After correcting for this mistake, my numbers roughly match that of ozblue (difference is likely due to rounding):

At 60% efficiency:

200 * 94.8 / 0.6 = 189600 cubic meters per day
189600 * 35.3 / 1000000 = 6.69 mmcf per day

At 40% efficiency:

1200 * 94.8 / 0.4 = 284400 cubic meters per day
284400 * 35.3 / 1000000 = 10.0 mmcf per day

Regarding the Upstream Online article, I still think it's a typo and was supposed to read 2 to 3 mmcf per day. Per the April 23 2024 press release, the project is starting out at 12 MW with the potential to increase to 50 MW. Using the 40% figure and adjusting for 12 MW yields the following:

12 * 24 * 94.8 / 0.4 = 68256 cubic meters per day
68256 * 35.3 / 1000000 = 2.41 mmcf per day

By pure coincidence, using the 12 MW value and 40% efficiency matches the same final result as my incorrect calculations, lol.

P.S. I like ozblue's reasoning on using the 40% efficiency and think that they will likely go with the lower capital cost option for this pilot project. Therefore, I will likely assume 40% going forward unless we hear otherwise.

Expand

Shoot, I left off the "1" from 1200 when copy/pasting. Didn't notice in time to edit. It doesn't change any of the results, it was just a typo. First calculation line should read:

1200 * 94.8 / 0.6 = 189600 cubic meters per day

IVZ Price at posting: 6.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

There are more pages in this discussion • 32 more messages in this thread...

First 356 Last

Add IVZ (ASX) to my watchlist

(20min delay)
Last 7.5¢		Change 0.005(7.14%)		Mkt cap ! $106.3M

Open	High	Low	Value	Volume
7.0¢	7.5¢	6.9¢	$167.9K	2.337M

Buyers (Bids)

No.	Vol.	Price($)
1	937	7.3¢

Sellers (Offers)

Price($)	Vol.	No.
7.5¢	717214	4

View Market Depth

No.	Vol.	Price($)
1	937	0.073
2	300700	0.071
2	1018000	0.070
3	45461	0.069
3	227500	0.068

Price($)	Vol.	No.
0.075	717214	4
0.076	540227	3
0.077	528285	3
0.079	576000	4
0.080	443000	4

Last trade - 16.10pm 16/07/2024 (20 minute delay)

IVZ (ASX) Chart

Shoot, I left off the "1" from 1200 when copy/pasting. Didn't...

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Shoot, I left off the "1" from 1200 when copy/pasting. Didn't...

Top Stories

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

Bryah gains $408K government rebate for work on copper target Narracoota

AI stocks: What to expect in 2024-25

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News