BAS 3.80% 7.6¢ bass oil limited

Hi all,Would love for someone to correct any mistakes in these...

  1. 135 Posts.
    lightbulb Created with Sketch. 43
    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
 
watchlist Created with Sketch. Add BAS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.