I have scratched that itch. The prospective 2C mean sales gas...

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    I have scratched that itch. The prospective 2C mean sales gas for Reids Dome is 340PJ which unless you want to split hairs is 340BCF. Further there is a further 161BCF prospective contingent resource below 1200m which is outside the parameters of the current drill programme. This info comes from a State Gas document that I have studied and you should consider reliable. This values GAS as a T/O sale @ 0.6$m per BCF (which is cheap IMO as CG in WA sells @ $1.2m /BCF) @ $204m . It means at 33% that TEG would receive a cash injection of $67m . Clearly there are a number of caveats on these figures as ultimately it is the drill that counts. Reids Dome is also overpressurised to 100psi over hydrostatic, which for the non technical is 3x what you put in your cars tyres but incomparable to the over 6000 psi @WE2 STX. This will have some +ve impact on 2C. Further the recent announcement of CG @ Aldinga required heavier mud so we can presume this is more than 100psi so this is likely a significant new find that ought to be quantifiable on well completion.CG was previously documented @ earlier Aldinga wells but I believe they were shallow finds around 150m not the 600m of this recent find. So finally Bobby I can give you a definitive answer. R'D is @ 25% of STX WE2.
 
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