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Answer to Q1 I work it out as approx 5 years on P2 figure...

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healyn

5,453 Posts.

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22/01/15

13:04

Post #: 14623217
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Originally posted by topender ↑

Thanks Healyn, that is a useful read, to help understand the jargon used.

The question looming for me is - "Assuming the reserves estimate is bankable, how long (Years) can the plant produce at the current output?" Rounded to the nearest year would be okay for me.

Secondly, "When would it seem appropriate to whack in another train on the Plant to increase output?"

Soon (AGAIN) the speculative buyers are going to cotton-on, and the broader resource predictions which point to additional wells being successful will surely generate considerable interest.

Laugh if you like, but it wouldn't surprise me too much if sometime soon, based on this revised assessment of the B sands, that the extent of the 389 field will be estimated more confidently in numbers a lot bigger than Tens of Billions of cubic ft of gas.

I don't know if the game now is to beat AWE or anyone else to the prime position in the domestic gas market in WA, but over the next year there is a lot to look forward to I believe.

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Answer to Q1 I work it out as approx 5 years on P2 figure (14.53PJ = 14530Tj/8Tjpd/365= 4.976years)
My figuring could be wrong.

Answer Q2 When the 2 additional wells are drilled and are successful

EGO Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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