Something I've overlooked recently is the condensate revenue from Smegsy and thus the potential for the recent discoveries .
At this stage it looks to me like Smegsy will net more profit from the average 130brls condensate per day than the 5mmcf/day of gas
Thats assuming they net around $1.00 per mcf gas after Santos charges, royalties and opex compared to ~$50 net per brl condensate?
Rossco wireline logs sound promising for it to be a gas and/or oil producer.
Intial testing at Udacha and Middleton indicated mainly gas but further zones (3-9 meters) yet to tested.
GOG
great artesian oil & gas limited
Something I've overlooked recently is the condensate revenue...
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