RLT 2.45% 79.5¢ renergen limited

Ann: Virginia Gas Project Reserves & Resources Update November 21, page-75

  1. 3,924 Posts.
    lightbulb Created with Sketch. 927
    Revenues of US321m/yr = AUD438m/yr could end up higher once in production given helium agreements for 65% of Phase 2 are already US400-500/mcf versus the US250/mcf used in the calculation to get US321m/yr.

    Beyond that it is based on 1P reserves and 44mmcf/day of production. As per the Sproule report Sproule mentions production could potentially expand with further investment in plant equipment etc.. to 70mmcf/day based on 2P reserves or 90mmcf/day based on 3P reserves.

    If production did expand and you factored in higher helium prices than US250/mcf revenues could potentially head towards or over AUD$1billion/yr in a best case scenario.

    Also interesting to factor in the R2D2 drill result with 50% higher flow rates hasn't been factored in yet to the reserves from Sproule.

    https://hotcopper.com.au/data/attachments/3782/3782735-8584622641abb4bc4524d569f97daca0.jpg
    https://hotcopper.com.au/data/attachments/3782/3782738-19f30020237e1bd2403b2c2710d65891.jpghttps://hotcopper.com.au/data/attachments/3782/3782732-9b572299ee8f57a9a3f1e91ec9399f98.jpg
 
watchlist Created with Sketch. Add RLT (ASX) to my watchlist
(20min delay)
Last
79.5¢
Change
-0.020(2.45%)
Mkt cap ! $24.10M
Open High Low Value Volume
81.0¢ 81.0¢ 78.5¢ $62.77K 78.82K

Buyers (Bids)

No. Vol. Price($)
1 13733 79.5¢
 

Sellers (Offers)

Price($) Vol. No.
80.5¢ 19230 1
View Market Depth
Last trade - 15.51pm 25/06/2024 (20 minute delay) ?
RLT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.