IVZ 1.49% 6.8¢ invictus energy ltd

IVZ media thread, page-4736

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    Could you please explain why a ratio 240m / 35.25m = 6.8 was used, which is not the same as the accepted ratio of 6 mscf having the same energy as 1 bbl oil, i.e. 20 Tscf is equivalent to 3.333 Bn bbls.

    So, the energy content of the gas appears to be diluted by a ratio 6/6.8, and the gas condensate should also include the condensate energy content. There is believed to be about 850 mmstb condensate dissolved in the 20 Tscf gas
 
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