Wooooo Hooooo Go BPH :)$$$$$$, page-12472

Have posted this in the past for any new comers.

When you compare the latest 2D survey and where they drilled back in 2010, you’ll see they were way off the mark.




There is gas down there as there are gas seeps - It’s just a matter of drilling the right spot.

Now I may be getting ahead of myself here but I’m throwing around some numbers for the potential resource size within Pep11.

Supposed gas resource is 5.5TCF. Yes Trillion Cubic Feet.

5.5TCF = 5802 PJ

1 Petajoule [PJ] = 1 000 000 Gigajoule [GJ]

5802 x 1,000,000 = 5,802,000,000 gj (5 billion 8 hundred and two million)

Albanese government wants a price cap of $11-$13/gj. So let’s be conservative at $11.


5,802,000,000 x $11 = $ 63,822,000,000. (Sixty Three Billion Eight Hundred and Twenty Two Million dollars)


So we’re looking at the above figure, this isn’t a small amount by any stretch of the imagination. Figures are as accurate as I could find, happy for others to put their maths to the test and give it a crack.

Times are getting interesting and it appears we have kept the same crew here posting for the last 6 months. Patience will be rewarded I feel.

Make of it what you will. There are other anomalies which line up with hydrocarbons. Also the price could have changed but $11/gj is very conservative. Even after all is divided by the permit holders each share price is significantly high.