440 bcf total gas incl 26.4bcf helium and 26.4bcf hydrogen.
440 -26.4-26.4 = 387.2 bcf natural gas.
Here's an excerpt from the GRV 14.11.2023 RRS presentation;
"Opportunity for near-term cash-flow from natural gas production linked to existing infrastructure (North & East Coast markets)"
Existing infrastructure means the existing gas pipeline from nearby EP145 to Darwin.
I think the natural gas component of the West Walker project is compelling and the "near-term cash-flow" above may end up contributing to Alpha funding.
Talk about dilution !! if this project can help get the share price up then capital raising can be done at a much higher share price.
The in ground value of the above gas reserves estimate is many billions of dollars. And we have Mark Turner with his decades of Oil&Gas experience and Neil Biddle's incredible geology background to make it happen.
Worth a red hot go imo !!!
GRV Price at posting:
7.7¢ Sentiment: Buy Disclosure: Held
