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10.0¢ armour energy limited

Frmen, we were typing at the same time. Good to see my rough...

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rmkpro

226 Posts.

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31/01/18

19:40

Post #: 30714796
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Originally posted by frmen1 ↑

What a great feeling it is to have stopped being a money pit and now making money. Well done management .
Hunter, as far as estimates go with price of gas sold I get the following:
$2.6M (on top of oil sales).
3 months @ 5Tj/d = (90 × 5) = 450 Tj
$2,600,000 ÷ 450 = 5.77
So, my estimate for the discounted sales to APLNG is $5,777 per Tj or $5.77 Gj
This is slightly more than my blind estimate of $5.
Remember though that this was for flexibility of time and delivery while we got everything going again.

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Frmen, we were typing at the same time. Good to see my rough maths agrees with yours!!
Onwards and upwards.

AJQ Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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