Theres already a thread on the Gurvantes XXXV Coal Seam Gas project (which we should find out about this week), but I think the Waylering 5 (W5) results / potential has fallen off the radar (which in my opinion is a massive prize) and also due this week!
The below was some analysis of the W5 potential from the Strike forum:
https://hotcopper.com.au/threads/an...post=true&direction=previous#.YlKqTVM_Xqs
So if we achieve 20mmscf/d from Sand A (24TJ/day) and 7mmscf/d from Sand B (8.3TJ/day), basically
That's potentially almost $30M+ revenue to TPD.
- 63% of net pay from W5 has exceeded expectations from what was expected from both wells by 60% (32TJ/day versus 20TJ/day)
- 32TJ/day at $6/GJ = $200k a day = $73M per annum (of which TPD share is 45%).
To put the above in context, TPD has 6,787,189,525 shares, which at $0.01 equates to $67M market cap.
The flow rates for W5 should be out by the end of this week (which marks 15-20 days from the 25th of March, as per announcement below) which could confirm the above!
Massive week for us on both fronts
Its not often that I look forward to the end of the weekend, but this week's potential has kept me excited and counting down the hours.
- W5 prize with STX; and
- the Gurvantes XXXV Coal Seam Gas (CSG) Project in Mongolia with TMK (which is in an ASX suspension until April 12th, when an operational update is to be provided)
What a defining week for TPD coming up - congratulations to holders (I'm quite confident of W5 at least).
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