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So, looks like 15 PJ could lift SP by about 15c to ~30c.

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ravishankaray

11,084 Posts.

26/05/15

21:12

Post #: 15355904
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Originally posted by O&GInvestor ↑

Actually bruham I think you will find that the company this quarter will make more money than it’s costs (excluding specific exploration). The Dingo GSA became unconditional starting this quarter, and although am not sure how long it takes to ramp up, full operation was reported to bring in operating profit of >$5Mp.a. Be interesting to read the next set of financials.
Now the above is at 3.3PJ p.a. with reported production costs of $2/GJ. They are now talking potential for 15PJ p.a. at $1/GJ. They must have reasonable data on this to report it (and ink a deal with Incitec last Nov to sell it). And this is just one field (albeit the most likely to succeed in their view), so if it doesn’t live up to expectations, there are others. We do have plenty of land (crap SP, but plenty of opportunity!)
Being a pessimist is easy, as is being a rose coloured optimist. But as I’ve said before, a pessimist will only get more depressed by investing in small cap exploration companies…
Ravi – 1,000,000GJ = 1PJ. Not hard to do the math at the above figures. The variable of course is the sale price. I think domestic at present is around $3.50-$4/GJ. Speculation is with the LNG up and running it will get well above $10/GJ.
http://www.euronews.com/business-ne...urers-fear-shell-bg-deal-may-hurt-gas-market/

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So, looks like 15 PJ could lift SP by about 15c to ~30c.

CTP Price at posting: 13.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 5.3¢		Change 0.000(0.00%)		Mkt cap ! $39.22M

Open	High	Low	Value	Volume
5.0¢	5.3¢	5.0¢	$43.63K	835.1K

Buyers (Bids)

No.	Vol.	Price($)
1	135829	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	117423	2

View Market Depth

No.	Vol.	Price($)
1	135829	0.053
1	529054	0.052
1	428500	0.051
2	365000	0.049
1	373188	0.048

Price($)	Vol.	No.
0.054	117423	2
0.055	275000	1
0.058	200000	1
0.059	519508	2
0.060	112209	2

Last trade - 15.57pm 27/09/2024 (20 minute delay)

CTP (ASX) Chart

So, looks like 15 PJ could lift SP by about 15c to ~30c.

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So, looks like 15 PJ could lift SP by about 15c to ~30c.

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ACCC seeks Olam divestments before it can buy Namoi Cotton

The market's shrugged at China's stimulus measures all year. Why is this one different?

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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