Mukuyu 2 sidetrack samples confirm Condensate yields
While a moderate condensate ratio at 14 to 22 bbl condensate per million cubic feet gas the result from Mukuyu-2 samples is of significance:
then at lower end of liquids ratio add…
- E.g. if sold 1 million cubic feet at US$4/mcf = $4000 plus,
or at upper end, instead add…
- 14 bbl condensate at US$70/bbl adds US$980 or extra 25% of revenue stream;
- 22 bbl condensate at US$70/bbl is US$1,540 or an extra 38% of revenue.
- Presence of Helium and Hydrogen may present value adding opportunities if concentrations are found to be significant across the greater Mukuyu feature. Helium sells for ~150x methane value and modest concentrations in a big gas field can add outsized economic benefits.
- Mukuyu-1’s Mud-gas and largely from upper sections came in at 30 to 135 bbl/million cubic ft gas.
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