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30/03/23
10:45
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Originally posted by retorn123:
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not quite right there gossy but to answer your question, a plan to be at 50 mmcfd gas plus 100 bbl/mmcf condy by 2026 is...easy once funding found one well will be about 1k boepd average over its first year and 50 mmcfpd is about 8k boepd, and will come with ~100 bbl/mmcf of condy which is 5k boepd add together gas and condy is 13k boepd, which is about tommy lakes capacity so ~10-13 wells will fill tommy the 35 contingent pending wells will maintain tommy and the 50 mmcfpd and 100 bbl/mmcf condy (13k boepd) at peak for 10 years until 2035 (before slow decline) about 5-10 wells drilled per year will maintain that production against the decline the announcement refers to the total number of wells in each category so there is a total of 35 2C pending wells, 89 2C onhold wells and 92 prospective = 216 wells all up on the reduced land this number of wells will double if they get access back to the expired leases, which is likely so the production figure has a 250 mmcfpd of gas project (250/6=42k boepd), add ~100 bbl/mmcf condy (250*100 = 25k boepd) so thats 67k boepd...and potential to double with the other leases at $4 gas, thats $370m annual revenue and most of the revenue (~70%) will come from condensate if 100bbl/mmcf additional processing facilities cost about $100m per 100 mmcf getting some idea of the possible scale?
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just to confirm...at $4 gas, 250 mmcfpd is $370m annual revenue from gas alone and doesnt include additional revenue (~70% of total) that will come from condensate if 100bbl/mmcf getting some idea of the possible scale?