Price of gas supplied

http://www.copyright link/business/...-only-a-question-of-price-ubs-20170621-gwvacp

It's been a long time since I held COI... Previously had Arrow and Bow through to takeover.

The AFR article above is a little dated but UBS is forecasting east coast industrial buyers will need to pay $9-$11 a gigajoule for gas on average over the next five years, much higher than the typical $6-$8/GJ of recent years.

So if COI end up proving up 150 Petajoule P2 from Mahalo that would translate to about
150,000,000 x $10 = $1.5 Billion in saleable gas, delivered.

Of Course COI's % will be a fraction of that whether that is for example 40% still equates to $600 million.

That is not accounting for any Galilee Basin CSG, Northern NSW or Sandstone gas on top.

I can see the SP price possibly doubling from here (eventually) if the wells flow as expected.

SK60