Value of Kingia and High Cliff Reserves, page-2

  1. 6,457 Posts.
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    Tends to be an all or nothing thing. If the 2C is converted to 2P, you'd be looking in the range of around $1M per Bcf NPV. For high value gas and high flow rates (both possible here) you could be looking at more.

    But 2C gas by itself, the market takes a very dim view of in terms of valuation.

    Keep in mind to convert to 2P they need not just to prove commerciality but also sign a contract. Given the relatively small market for WA domgas they may struggle to convert the whole lot to 2P even if it does flow like the clappers when they test the Kingia.
 
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