Australia's largest stock trading and investment forum Australia's #1 stock forum

NWE

Click for more information

0.00%

5.6¢ norwest energy nl

Very important part of the calculation, thank you Pottermore

First 125 Last

Share
Profile

Follow
Seb93

5,291 Posts.

384

13/07/22

08:54

Post #: 62507305
Share

Originally posted by Pottermore: ↑

FHC ..... just a little more to add to your calculations ......
If we assume 2.5tcf in LD(assume because it is yet to be proven with the drill bit),
Then that is 2.5x10 to the power 12.
If, as you allude to, we harvest 50mmscf/day .... then that is 5x10 to the power 7.
Divide and you get the number of days required to harvest all that gas.
Becomes 100000 days ..... divide by 365 to convert to years and you get 273 years.
So if we have 6 wells harvesting 50mmscf/d then it will take 48 years to fully deplete.
12 wells and we are looking at 24 years of production from LD alone .... but that gives us a share price of 72 cents per share.
Thems loverly apples .......
lol
potter

Expand

Very important part of the calculation, thank you Pottermore

NWE Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

AR3

Overland drilling proves promising for Australian Rare Earths' uranium hopes

Trump is President Again: What Does This Mean for Crypto?

CPV

ClearVue inks deal with UK heated glass player to combine solar tech with its offering

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 29 more messages in this thread...

First 125 Last

Add NWE (ASX) to my watchlist