and
The company’s entire Pedirka Basin petroleum tenement acreage with the above “best”,
“high” and “low” estimates of possible recoverable prospective syngas gas resources from
underground gasification operations, given above and the synthesis conversion rate, as
stated above, could conceivably fuel a 140,000 bbl/day GTL plant for approximately 27,000
years, 30,000 years and 24,000 years respectively. These figures make little sense in a
meaningful commercial analysis context but obviously higher output plants would need to be
considered to exploit such a massive resource. The figures above may seem inordinately
large, but if discounted by 90% would still constitute a massive potential resource project.
The implication is that if the technology works and is commercial, and the resource
estimates are substantiated, the upside potential could prove of major significance
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Price($) | Vol. | No. |
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