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14.5¢ tamboran resources corporation

Let's guess the US offering price., page-101

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thebarry111

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17/07/24

15:49

Post #: 74797176
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Originally posted by SmallFish991: ↑

On its own EEG would be stranded, nobody would build them a pipe to Eastern Aus with the gas they have. Their old Pangaea gas and the sub 1,200m gas around Carpentaria will show up on a Prospective Resource report, but the likelihood of it ever being produced is nearly zero - the depth on average would be around 1,000m. That's a depth where no gas has been produced in North America. That's not how it should work, but that's the case.

Contrast that with TBN where the average depth would be in the 2,500m plus range and firmly within the range where hydraulic fracturing is successful and prevalent in North America.

I am not saying you cannot produce gas from the 25-30,000 acres in the Carpentaria project, I am saying there's not enough gas to justify the construction of a significant pipe and that the economics are seriously challenged by limited productivity potential.

Yes, you can argue the costs have been lower and EEG has done a great job of managing that as well. But, would you invest in entity that has no prospects of beating half of the free cash flow on an invested dollar relative to the competitor?

My well founded optinion, ignore if you like.

Look at it this way, I'll trade you an acre of Fayetteville shale for Marcellus every day. ever heard of the Fayetteville?

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Because your opinion is so well founded - why do we think that EEG keeps going up and TBN doesn't?

TBN Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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