CEL 9.62% 5.7¢ challenger gold limited

that is a lot of gas!!!, page-14

  1. 1,723 Posts.
    Just to add a note to my previous comments.

    If B = 600 mcf/d

    then B = > 2 X POC requirement.

    In other words the Barnett vertical is providing > 2 X POC requirement.

    So I suggest that according to CEL's pre testing advice and assumptions, the B field alone should be commercial; I suggest at case 3 levels, but at half the value, because of lower gas prices. So approx a level 1 NPV.

    I hope they are able to retest the W, but if not it seems that they still have enough info on which to base a gas resource. And they do have a certain amount of W info.

    In other words they are still on track for establishing a gas resource.

    If anyone has co. contacts, perhaps they can persuade them to publish their current thinking on this.

 
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