MEL 0.00% 0.5¢ metgasco ltd

My maths was horrific, sorry - I was backwards with the...

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    My maths was horrific, sorry - I was backwards with the impurities...

    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 0.3096 pj net to MEL per annum.
    At $13/gj that is $4m, so ~$1m per quarter.
    That means 6mmscf/d = ~$1.5m per quarter.

    MEL was not netting this amount at O1 as uptime was only around 2/3. That will likely be th same at O2.
 
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