From the last Webinar in December KA stated that they were aiming from all 4 wells to produce 20 MMscfd or 7.3 BCF/annum or 7.7 PJ/annum, IMO very achievable, which will translate to a very good cash flow for MEL at todays high gas prices. With 7.7 PJ/annum production it will equal about $1-1.5 million/month or $12-18 million/year of cash flow. A few variables involved such as, how much will Santos charge for the processing of the gas and what will be the price of gas MEL will receive. Prices for the Vali gas will be a "mix of fixed and variable market rates" as announced on the 23/3/22. While Odin should be at the higher spot prices.
MEL Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
