BAS 3.80% 7.6¢ bass oil limited

Woooo Hooooo Go Bass Oil :)$$$$$$, page-872

  1. 135 Posts.
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    Hi all,
    Would love for someone to correct any mistakes in these calculations.
    1 GJ = 0.95 thousand cubic feet of natural gas at 1000 Btu/cf source https://www.cetinerengineering.com/conversiontables.html
    with the well subsequently flowing 4.1 million cubic feet per day and 988 barrels of condesate I did some calculations
    assuming condensate is of equal value to our barrels of oil sold in our most recent monthly update A$124.49 per barrel (probably worth more IMO).
    988 barrels/day × AUD $124.49/barrel = AUD $123,057.12 per day
    4.1 million cubic feet (mmcf) = 4,100 Mcf.
    Mcf to GJ using the given conversion factor:4,100 Mcf ÷ 0.95 Mcf/GJ = 4,315.79 GJ/day.
    Gas price at AUD $10 per GJ: 4,315.79 GJ/day × AUD $10/GJ = AUD $43,157.90 per day.
    Daily total revenue AUD $166,215
    Annual AUD $60,672,479 (60 million)
    Obviously excludes all costs and is not financial advice value of condesate drastically varies these numbers. Appears based on these pre cost calculations to be a money printer with the only issue being the size. At 5 BCF the well life time would be 3.34 years, 6.68 years for 10BCF and so on
 
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