question, page-2

greg13

My understanding is that bcf is a measure of volume and PJ is a measure of energy. I think the equation goes like this:

A Bcf is a billion cubic feet, and a Tcf is a trillion (1,000) cubic feet:

So 1,000 Bcf = 1 Tcf

Some talk about GJ (Gigajoules) eg the Santos deal with Petronis.

1,000 GJ = 1 PJ and 1,000 PJ is closely equivalent to 1 Tcf

So 3,000 PJ = approximately 3 Tcf

..... So 3,000 PJ = a lot of money!! Recent deals have valued 1 PJ in the range $2.70m - $4.91m. say $3 and you get a value of $9 billion.

Sounds good to me!

H