errr umm ok .. can we see if it gets off the ground first ? .....

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Cherry7

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27/09/24

14:58

Post #: 75874541
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Originally posted by J L: ↑

Thank you, fellas, for your responses. I will try to explain my thoughts on this issue.

C7, you don't really need an explanation. Being a deep thinker, you immediately understood what I was trying to convey.

Brent.

The concept of Peaking Plant is a valid means of providing power over and above the capacity of base load when required. Personally, I would prefer something like batteries, pumped storage, or spinning reserve in major power stations. But that's another story.

Here is one aspect (gas supply) that does not respond well to an excellent concept.

These are some of the parameters.

One interesting aspect is that calculations are based solely on P1 reserves. Why? I don't know. The experts might have an idea as to why.

They expect a life of 25 years but have enough gas for 28 years while in peaking mode.

You would have to be dreaming to think that they will get these generous peaking conditions for 25 Years. 2050 plus.

They suggest a payback period of 5 years. Therefore, no usable income for exploration purposes until 2032.

1.3 PJ/PA will provide for 28 years in peaking mode. Won't happen, Fellas IMO.

As a base load power station delivering 90 MW at 80% capacity factor, 1P resources would be depleted in approximately 7.5 years.

Then what? If there is no new source of gas, the plant might have a life of only 7 years, and then, scrap value.

I believe that it is too much uncertainty at the moment. All MO. J L.

What do you reckon?

Sources
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064vnz949nl6lz.pdf (asx.com.au)

064vmv99dn3zwy.pdf (asx.com.au)

066k3brdn0ck50.pdf (asx.com.au)

PowerPoint Presentation (asx.com.au)

066k3brdn0ck50.pdf (asx.com.au)

064vlsj481k58k.pdf (asx.com.au)

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errr umm ok .. can we see if it gets off the ground first ? .. Friday.. you could have an RDO

STX Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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