Maybe I'm a bit dull or something, but then I'm only a farmer....

Maybe I'm a bit dull or something, but then I'm only a farmer.

C/aussie you got a lot of thumbs up for the analysis but I'm not sure how much help it is. Could explain why no one is interested in buying CEL.

Your analysis at 4 Mmcfd puts a valuation of the project for company at 7 cents. I was thinking 4Mmcfd in the first well would be a great result and would make TC very profitable. 7 cents is pretty .... poor.

Your analysis at 4 Mmcfd gives a total field production of 551.25 BCF which is a whopping amount of gas and equates to about 30% of the gas in place of 1.6TCF which is also a good result. I don't see how it is meaningful to value a half a Trillion cubic feet of gas at 214,000,000 X .07 cents = $15M.

BHP just paid 43 cents a Mcf which is aprox. $250M.

At seven cents a share I would be better off digging spuds.

Saltbus