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
- Forums
- ASX - By Stock
- GAS
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-2
-
- There are more pages in this discussion • 5 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 GAS (ASX) to my watchlist
(20min delay)
|
|||||
Last
13.0¢ |
Change
0.010(8.33%) |
Mkt cap ! $35.64M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.0¢ | $27.58K | 225.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 206000 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.5¢ | 7000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 206000 | 0.130 |
1 | 5662 | 0.125 |
9 | 452376 | 0.120 |
4 | 537683 | 0.110 |
7 | 340882 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 7000 | 1 |
0.155 | 268961 | 2 |
0.160 | 77088 | 2 |
0.165 | 28571 | 1 |
0.170 | 224982 | 5 |
Last trade - 15.58pm 03/06/2024 (20 minute delay) ? |
|
|||||
Last
13.0¢ |
  |
Change
0.010 ( 8.33 %) |
|||
Open | High | Low | Volume | ||
12.5¢ | 13.0¢ | 12.0¢ | 86230 | ||
Last updated 15.58pm 03/06/2024 ? |
Featured News
GAS (ASX) Chart |