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.
Revenues of US321m/yr = AUD438m/yr could end up higher once in...
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