As for finances, if u focus on 1P-418.4 bcf, at 20% recovery...

As for finances, if u focus on 1P-418.4 bcf, at 20% recovery rate gives 84bcf recoverable gas that can b sold to market.

The gas sales contract rate in Utah could b slightly different to the Henry Hub price (which is US$3.5/mcf), however for the sake of simplicity lets use $3.5/mcf (or A$5.4/mcf). This equates to potential revenue worth $454m, from the recoverable gas (not IGV).

Eventually this will come down to how much PB-2 will flow.

PB-1 flowed @ 340mcf from a 35' section so cant b taken as a good example.

However GDN have learnt a lesson there so will b safer this time around.

cheers