hi mate it’s 8% of 2.2mmcf raw gas input. Then you have to take into account efficiency of plant and availability etc. which is where the Net 38MMcf per year comes from.
The contingent resource “estimate” is He content not total raw gas….so assuming we can drill production wells that flow at the required rate and they do contain 8% He or higher and we can achieve the spot prices suggested it looks like a reasonable business model.
BNL Price at posting:
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