Share
21,295 Posts.
lightbulb Created with Sketch. 2078
clock Created with Sketch. 22/01/18
16:09
Share
Originally posted by gassed
↑
Searcher2. Sadly, cash is essential. They could produce from some of those wells already drilled, but, that will also cost good money and will be pain for short term gain. I think they want to develop APT594 for that earlier cash flow. They have not given up on full development of APT855 and just producing from the current 6 wells would certainly be a much lower priority. They've got enough "evidence" to support a full development but require that Stage 2 to attract the cash for that development. That's why I say that the minister making that offer has absolutely NO idea what's involved and it's a disgrace that he holds that position, and to make things even more ridiculous, it's only for $26 million.Northern Australia (his "target"??) 6.6 Tcf of contingent gas resources – comparable to major US shale gas fields.- Just for interest, Icon's current gas resource estimates within APT855, as determined by DeGolyer and MacNaughton, are now 28.5(P50) TCF of Unconventional Prospective Raw Natural Gas over the whole permit-ICN's target)
Expand
Sorry. ATP Authority To Prospect. Those TV ads for those river cruises keep dominating my acronyms. Hope you have read those pages 13 and 18 in today's Fin Review.
(20min delay)