MEL
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Hi stumpyNet MEL at $12/gj before equipment rental costs, after...

  1. OldGeo
    1,577 Posts.
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    15/05/23
    17:01
    Post #: 67783261
    Hi stumpy
    Net MEL at $12/gj before equipment rental costs, after processing fee, by my reconning delivers around $300-400K per month. Reduced the Odin-1 production rate to 5mmscf/d raw gas vs test rate of 6.5mmscf/d, to account for gathering system back pressure. Stumpy, is this in the ballpark?

    https://hotcopper.com.au/data/attachments/5274/5274474-c1c5c90107252dbce4d59543198064d9.jpg

    https://hotcopper.com.au/data/attachments/5274/5274444-34a0d5b4e0fa11a75b49ba1f6f0023fc.jpg

    My confidence that the JV can deliver Odin first gas by end September, still remains low.

    Kind regards OldGeo
    MEL Price at posting: 1.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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