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justinmetals

7,672 Posts.

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15/01/22

08:03

Post #: 58883264
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Originally posted by justinmetals ↑

That 720M sales and 10c per share would obviously mean the JV would need 5x LD1 producing wells so perhaps 7 wells producing at 20PJ/annum by 2025 and if I’m not very much mistaken that’s roughly the plan announced.
3 wells in 22
4 wells in 24
4 wells in 25

mid we can get just half of them in production it will coincide with peak LNG prices and we will be a huge target.

another interesting note is currently China import 100M tonnes LNG per annum of which the Australian share is 30M (of the 80M total LNG we export). Now the power of Siberia 2 will bring 50Bm3 per annum to China via Mongolia and that is roughly equal to 30M tonnes per annum. That means Russian piped gas could displace our Chinese LNG exports. Obviously it’s not that simple and demands will grow however finding a new home for 20-40% of Aussie LNG exports could pose some problems but I doubt it, thanks very much to the OG shackles stopping the development of new LNG facilities around the globe.

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NWE Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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