Dividends vs Exploration, page-22

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21/06/24

10:50

Post #: 74421727
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Originally posted by psi81: ↑

Generally not. There are fixed and per-unit components to field operating costs but when modelling gas projects it's usual to use a constant opex. Keep in mind that the two new wells will go into decline almost immediately. Running a depleting gas field is an exercise in treading water, you have to keep drilling to maintain production, so per GJ opex estimates are based off a long term average of production rate.

In reality, yes the higher rate will mean slightly lower opex because fixed costs like staff salaries etc won't change much, but it won't be down to $2.80. I personally would assume the same opex, if you want you could drop it 10% or so.

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""Running a depleting gas field is an exercise in treading water, you have to keep drilling to maintain production,""'

Its only a matter of time to when its completely empty, then the clean up begins.

Originally posted by psi81: ↑

Generally not. There are fixed and per-unit components to field operating costs but when modelling gas projects it's usual to use a constant opex. Keep in mind that the two new wells will go into decline almost immediately. Running a depleting gas field is an exercise in treading water, you have to keep drilling to maintain production, so per GJ opex estimates are based off a long term average of production rate.

In reality, yes the higher rate will mean slightly lower opex because fixed costs like staff salaries etc won't change much, but it won't be down to $2.80. I personally would assume the same opex, if you want you could drop it 10% or so.

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Dividends vs Exploration, page-22

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

Greentech finds lithium trend across 5.5 km at WA's Kobe South

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

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Dividends vs Exploration, page-22

Top Stories

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Antipa's Minyari Dome reveals gold up to 24g/t through drilling at key prospect

Greentech finds lithium trend across 5.5 km at WA's Kobe South

Midas logs 17 spodumene pegmatite targets over 4km at Aylmer Project in Canada but drills while off

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