ROG 0.00% 0.4¢ red sky energy limited.

Just wanted to further add some figures to supporting my sp...

  1. 4,449 Posts.
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    Just wanted to further add some figures to supporting my sp theory..

    The first project to kick off at Innamincka is Yarrow. Yarrow has 20 bcf of gas valued at 200M back in 2019 which back then gas prices were around $2.20. Today the price of gas is $3.70 so the gas resource at Yarrow should be worth approx 68% more!!

    Then we have Flax. Flax has 9.9M barrels of oil at a grade of 54 API, this oil price back in 2019 was around $100 being a higher grade.

    Now do some research on Santos and how many local commercial contracts they're signing up or already have signed up for gas supply, they are going to need more gas and soon!!

    From my point of view Killanoola is a great project for near term revenue and can keep chugging away for a reasonable amount of time in the background but the catalyst is Innamincka!!

    I can see Innamincka coming online more rapidly when Santos commence works. December isn’t that far away..

    So I guess it all depends when this info gets released or when the market get wind of what’s happening which is usually before us plebs and adding to this the forward pricing that markets usually adopt 5c will be just the start!

    Now add the chart that @Verily1 made for us re Killanoola and you can see where this is headed!

    Good morning Sydney!!

    biggrin.png



    Last edited by Mav01: 05/07/21
 
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