Ann: SS-2H ST1 delivers record Beetaloo Basin IP30 flow result, page-6

google Gemini agrees: as per below

Based on recent wholesale market data, 7.2 million cubic feet of gas per day for 30 days would cost approximately $2.5 million to $3.0 million Australian dollars on the East Coast wholesale gas market.The final cost is highly dependent on the prevailing market price, which fluctuates daily. Here is a detailed breakdown of the calculation based on average prices from early to mid-June 2025.

Calculation Breakdown

Step 1: Calculate the Total Gas VolumeFirst, we determine the total volume of gas consumed over the 30-day period. * Daily consumption: 7.2 million cubic feet (MMcf) * Total volume: 7.2 MMcf/day × 30 days = 216 MMcf

Step 2: Convert Volume to EnergyThe Australian wholesale gas market trades in Gigajoules (GJ), an energy unit. We must convert the gas volume (in cubic feet) to energy (in Gigajoules). The standard conversion factor is approximately: * 1 million cubic feet (MMcf) ≈ 1,055 Gigajoules (GJ)Using this, we can calculate the total energy equivalent: * Total energy: 216 MMcf × 1,055 GJ/MMcf = 227,880 GJ

Step 3: Apply the Wholesale Market PriceThe price of wholesale gas on Australia's East Coast is volatile. According to data from the Australian Energy Market Operator (AEMO) for June 2025, the 30-day rolling average price has been approximately $11.11/GJ. However, daily prices have recently fluctuated, reaching highs of over $16/GJ.To provide a realistic estimate, we can calculate a price range: * Lower-end estimate (using the 30-day average): 227,880 GJ × $11.11/GJ = $2,531,747 AUD * Higher-end estimate (reflecting recent price spikes): 227,880 GJ × $13.50/GJ = $3,076,380 AUDImportant

Considerations * Market Volatility: The figures above are estimates. The actual cost would depend on the volume-weighted average price (VWAP) on the specific days the gas is purchased. Prices can be influenced by weather events, demand for gas-fired power generation, international energy prices, and infrastructure outages. * Contract vs. Spot Price: This calculation is based on spot market prices. Large industrial users often secure gas through long-term contracts, which may have different pricing structures, including fixed prices or prices linked to other commodities. * Government Intervention:

The Australian government has previously implemented a price cap on uncontracted wholesale gas, which is currently set at $12/GJ. This can influence the prices in commercial and short-term agreements.