COI 2.63% 19.5¢ comet ridge limited

http://www.copyright link/business/energy/gas/east-coast-gas-shortage-on...

  1. 1,125 Posts.
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    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
 
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