Basically this well will do 2,500 to 5,000 mfcd So it is the same as 6 - 12 GalPeg wells. So therefore if GalPeg is due to do $16m USD revenue (from the current plant at 2,500mfcd), then this one well will do approx. $25m USD.
The release also makes mention they also have room to add another well in the nearby location.
Together Galpeg @ $8m (USD) net of rev share with H One, and this @ $25m USD, we have circa $33m USD revenue currently within scope. This is $53m AUD or a 20 cent share price approx the other well at Bubba State 3 is expected to achieve circa 2,500mcfd as per previous release, so given the above, there is no way to not to assume that this will add another circa $16m USD. Which takes BNL up to $78m, or a SP of 30 cents sp...
I also havent included the $3m USD from Co2...
With revenues of this nature, I can't see why a cap raise is needed, any bank would supply funds based on these numbers.
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