Ann: Kumbarilla Drilling Update, page-10

ekulekulekul

I have recently posted what is IMO a highly relevant post on future gas prices.

https://hotcopper.com.au/threads/the-case-for-gas-elixir.5302489/page-73?post_id=44112720

For some reason the links don't work and you will have to cut & pate them into your browser but IMO they are well worth reading.

The abovementioned post references a pretty good look at future Wallumbilla gas prices which put simply are projected to rise to acceptable levels by the time ATP2019 is developed and pipelined and the first URL is IMO of great interest to Galilee Energy Investors.

By the way the author is the Chairman of an ASX company that shares a common director with Galilee Energy.

My parent HC post also references a really good u-tube overview of the global macro supply and market forces which will influence the Wallumbilla netback gas price down the track.

My detailed modeling for ATP 2019 is very sensitive to gas prices and yield in PJ/Sq. KM however IMO the numbers you came up with will be conservative.

Regards

OGP