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5.6¢ norwest energy nl

Very important part of the calculation, thank you Pottermore

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Seb93

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13/07/22

08:54

Post #: 62507305
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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

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Very important part of the calculation, thank you Pottermore

NWE Price at posting: 4.2¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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