Flow rates will probably settle down a bit but only two of four zones online atm
Just did some rough calcs from todays announced flow rates
US Gas is selling for ~USD7/mcf or AUD7.70/mcf
http://www.bloomberg.com/markets/commodities/energyprices.html
15mmcuft/day x 7.70 =$115500/day
250brls condensate x AUD90 = $22500/day
Total = $138000/day or $4.14mil per month
GRL 30% interest reducing to 25% after payback so initial revenue net to GRL would be $1.2mil/mth
Market cap of merged EXR-GRL at 27cps is $41mil so $10-12mil revenue per year is not bad
Flow rates will probably settle down a bit but only two of four...
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Mkt cap ! $5.386M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
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