The power stations to be built at Ipswich & Gladstone will be each 500MW expandable to 1500MW. 1MW=1MJ/sec Therefore 500MW=15.8PJ/year (assuming 100% utilization) At 50% thermal efficiency, each 500MW station will need approx 30PJ/year energy input. At full stretch both power stations at 1500MW will need energy input of 180PJ per year. SXY has 79PJ in CSG and 86000PJ in unconventional gas, the latter from Cooper Basin ONLY. Extraction efficiencies have to be applied (ultra conservative number is 10%). SXY Cooper basin could fuel these powerstations for 48years. All this confirms my previous calculations that SXY has MASSIVE imbedded value in their gas reserves which are expanding with every hole drilled. Put 10,000shares away for your grandchildren.
SXY Price at posting:
59.7¢ Sentiment: Buy Disclosure: Held
