History certainly says that production by September will be pushing it, but the announcement seemed confident. Will be interesting to see if they have the same water issues from being shut in for so long.
I like the conservative 25 day assumption, but thinking that $12 after processing fee might be a bit high. Will ultimately come down to how good the contract terms are though. I can see them netting around $6-8 ($12-14 contract price) after all expenses as I can't imagine the rental equipment will be cheap on a $/gj basis. Half a mill per quarter isn't too shabby though. This whole paragraph of mine is a giant guess though - as we don't know the contract price (albeit should be $12 or more), processing terms or rental equipment cost.
Regardless of anything else - signing this contract at this time is a great milestone. The ability to sign a contract at above $12/gj per recent government announcements is potentially company making if Odin flows as expected and can be developed quickly.
- Forums
- ASX - By Stock
- MEL
- Ann: Odin Gas Sales Agreement Signed
Ann: Odin Gas Sales Agreement Signed, page-14
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MEL (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(14.3%) |
Mkt cap ! $5.790M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $754 | 188.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 14531096 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12765502 | 0.003 |
12 | 31475499 | 0.002 |
6 | 59703690 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 14531096 | 12 |
0.005 | 6142966 | 7 |
0.007 | 100002 | 1 |
0.009 | 80000 | 1 |
0.010 | 1000000 | 1 |
Last trade - 12.37pm 30/08/2024 (20 minute delay) ? |
Featured News
MEL (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online