GAS 0.00% 11.5¢ state gas limited

Ann: Half Year Accounts, page-2

  1. 288 Posts.
    lightbulb Created with Sketch. 59
    This statement in the just released half yearly report says it all to me:

    "Our pumps are now designed for the temperature, pressure and coal quality regime we are encountering, culminating in instantaneous gas
    flow rates approaching 500,000 scft/day. This is a commercially encouraging result in light of the fact that our minimum economic flow rates are estimated at in the order of 80,000 to 100,000 scft/day."

    So the minimum flow rates for the field to be commercially viable is only 80-100 scft per day, and they are approaching 500,000 scft per day - 5 times what is required!

    If I have misinterpreted this statement I am happy to be corrected.

    GLTAH
 
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