I think 4 is more than realistic. O1 initially flowed at more than 6; and on paper O2 should be more optimally positioned.
At 4 mmscf/d I'm getting 1.548 pj/a. MEL has a quarter share, so 0.387pj. Factor in 20% impurities and we have 0.09675 pj net to MEL per annum. At $13/gj that is $1.25m, so ~300k per quarter. That means 6mmscf/d = ~450k per quarter.
The flipside of that is that they'd only need 2mmscf/d to break even overall - noting that everything will decline.
I think 4 is more than realistic. O1 initially flowed at more...
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Mkt cap ! $6.383M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.054K | 508.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5304380 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 305646 | 2 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.6¢ | 0.6¢ | 0.6¢ | 1000 | ||
| Last updated 15.39pm 03/05/2024 ? | |||||
| MEL (ASX) Chart |