Increasing the model flow rate to 125 MMscfd over 12.3 years instead of 80 over 25 years should be much more favourable even in the current political climate.
Revenue based on $10-$12/GJ would mean a project value of around $6-$7 billion, and a payback period on the loan for infrastructure within 3 years based on revenue of around $500m per year.
There is still potentially way more gas in the ground, but as it stands this is a very viable project.
EMP Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
