Getting 0.250MMscf/day sustained rate is no easy feat in CSG, certainly possible but certainly not easy. With the amount of drilling they have to do and then long production testing, it's going to chew up a lot of capital. If someone told me only $40m for this project to get to reserve certification, I'd say it's possible but certainly stretching the budget....
Having said that, as a speculative buy in this market I would be putting some cash in if I could (financially). GLL have a good track record of delivering and are a good takeover target IMO, even in light of current market conditions. The advantage Queensland/CSG producers have is that they need gas to fill those gas trains and meet east coast demand.
Getting 0.250MMscf/day sustained rate is no easy feat in CSG,...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add GLL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
-0.001(5.00%) |
Mkt cap ! $6.455M | |||
| Open | High | Low | Value | Volume |
| 2.0¢ | 2.0¢ | 1.9¢ | $12.25K | 615.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 350000 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 599999 | 1 |
View Market Depth
| Last trade - 12.25pm 28/06/2024 (20 minute delay) ? |
| GLL (ASX) Chart |