1. On a per well spacing unit EEG land is less than half the depth of a normally prospective shale well. A reasonable and still optimistic view of EEG wells are that at best they will produce half of what an EP136 well would Perhaps 65% of what an Amungee well will. Yes they're cheaper, but production is the leng lever on the economics.
2. How do you plan on getting the gas out? Those bases appear covered by TBN.
3. The scale of the asset limits the development valuation. Only a sliver, at most 80,000 acres appears prospective and is bisected by a major fault that will eat capital faster than the cookie monster eats cookies.
4. Spatially the lands contain less than 5% of the area and, at that it contains half the gas on a per unit area that the rest of the basin does.
Sorry, but you asked.
- Forums
- ASX - By Stock
- Gas is good, fight woke propaganda with facts.
1. On a per well spacing unit EEG land is less than half the...
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EEG (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $198.1M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 20.5¢ | $26.21K | 127.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 250500 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 49624 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 250500 | 0.200 |
3 | 502565 | 0.195 |
7 | 111053 | 0.190 |
3 | 1050810 | 0.185 |
4 | 219499 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 49624 | 3 |
0.210 | 3258 | 1 |
0.215 | 404914 | 2 |
0.220 | 641000 | 3 |
0.225 | 33600 | 2 |
Last trade - 10.04am 24/05/2024 (20 minute delay) ? |
Featured News
EEG (ASX) Chart |