slight typo...MIN just offered $400m in its "onshore gas...

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retorn123

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18/12/22

13:58

Post #: 65357711
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Originally posted by retorn123: ↑

MIN just offered $400m in its "onshore gas takeover action" for NWE in WA
NWE own 80% of lease EP368
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quote>> MinRes wants to develop the Lockyer Deep project as quickly as possible and has ambitions to have a plant built and producing at a rate of 250 terajoules a day within a few years.

so $400m for 80% of...
250 tj per day = ~30-40k boepd from about 2025

so very similar scale to ce1 montney 22-50k boepd from about 2025

NWE/MIN Lockyer deep is pretty dry gas with only small condy
ce1 montney is liquids rich with 10x more condy which sells at a much higher price than dry gas, and so will double cash flow

if 80% of a big dry gas project =$400m, whats 100% of ce1 big liquids-rich montney worth?

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slight typo...

MIN just offered $400m in its "onshore gas takeover action" for NWE in WA

NWE own 20% of 2 key leases!!!

MinRes wants to develop the Lockyer Deep project as quickly as possible and has ambitions to have a plant built and producing at a rate of 250 terajoules a day within a few years.

so $400m for 20% of...250 tj per day = ~30-40k boepd from about 2025

so very similar scale to ce1 montney 22-50k boepd from about 2025
plus ce1 has x10 condy and tommy lakes

if 20% of a big dry gas project =$400m, whats 100% of ce1 big liquids-rich montney worth?

CE1 Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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slight typo...MIN just offered $400m in its "onshore gas...

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slight typo...MIN just offered $400m in its "onshore gas...

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