just to confirm...at $4 gas, 250 mmcfpd is $370m annual revenue...

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retorn123

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30/03/23

10:45

Post #: 67038907
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Originally posted by retorn123: ↑

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?

CE1 Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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just to confirm...at $4 gas, 250 mmcfpd is $370m annual revenue...

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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just to confirm...at $4 gas, 250 mmcfpd is $370m annual revenue...

Top Stories

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The iron ore comeback: Can it last?

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Featured News

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