Hi guys , im trying to work out the value of 1.8 Tcf Gas sold in Australia
Ive worked out the following , please correct me if i'm wrong
1.8 Tcf Gas = 1800000000000000 btu
now covert that figure to mmbtu or mbtu = 1800000000 mmbtu
now some of the latest figures i could find are the following :
price of gas in Australia is as low as = US$2.30 per MMBtu
at US$2.30 per MMBtu = $4,140,000,000 which equals $5,429,937,060 Australian dollars entire gas value
the current price of Natural gas in Australia is US$2.85 per MMBtu
now we have to factor in the cost of processing, transporting, and liquefying the gas as it is considerable, covering their upstream costs
we could see a price of US$4.60 per MMBtu
at US$4.60 per MMBtu = $8,280,000,000 which equals $10,864,188,000 Australian dollars entire gas value
and further more , we do not expect the current low-price environment to persist, meaning we could see US$5.30 per MMBtu in the not to far away future.
at US$5.30 per MMBtu =$9,540,000,000 which is $12,515,745,420 Australian dollars entire gas value
at low price levels the Australian operators are vulnerable and prices are insufficient to support long-term gas production. some resources have become uneconomical however some producers have been protected from low prices up until recently. its said that this price support might soon evaporate and our Gas Market Analytics forecast long-term gas prices to rise to cover companies upstream costs, enough to support the production of over 95% of Australia’s gas resources.
the current price of Natural gas in Australia is US$2.85 per MMBtu
seems like a very economical robust project which clearly will be extremely beneficial to shareholders of EMP
a multi multi bag share in the making
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