Good clip. That's what 102 million cubic feet per day looks like!

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30/08/22

17:17

Post #: 63414491
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Originally posted by Mikey74: ↑

I've just sat down and watched the MRL video.

I clipped out the section of their promo video showing the gas flare, which I believe is LD-1, and not one I've seen in any video before from that angle

Gas Flare

This is what I picked from the video about the Energy Services/Gas section

Gas - "Substantial earner for MINRES"
Lot of opportunity to convert to LNG
Strong believer gas to be around for 40 to 50 years
Still believes coal will be used for decades to come especially in countries that aren't first world like Australia is, and Gas will be a transitional fuel and thinks gas will be used for own power or convert to LNG and go sell it and downstream and where can add value
About $100m worth of holes over next 12 monthsfor Lockyer Deep

Question
Time stamp - 1hr 19min
Question about gas
Build a gas plant - more development holes, step those holes out and it will growsize
Development approval getting in place
Gas plant operating no longer than 24 - I found this to be slightly strange working from CE, but I understand to be a gas plant in place within FY24

Power all plants for MRL (incl LIthium arm of business) for approx $1/GJ for cost using gas internally

Follow up question off mic
Thinking 250TJ/day from day 1, Comment from Mark looking at modular design that they know they can scale up (because they know there's more gas there) as this wasn't the most productive hole they drilled first

Just checked EARS - looks like re-submitted and sitting at On Hold - Further Information required

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Good clip. That's what 102 million cubic feet per day looks like!

NWE Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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Good clip. That's what 102 million cubic feet per day looks like!

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