No I never said that "So basically are you saying the cost of getting the gas out of the ground is $7.05 per gj?"
I am saying you are using the retail price of $7.50 a Gj to determine value.
I was using the Grant Samuels value of $0.45 a Gj to determine value which takes into account all the factors I previosly mentioned , time value of money, risk , development costs.
THe cost of getting the gas out of the ground (lifting cost) is possibly around $US 1.00 a Gj based on SEH estimates. But really this is not even a 1C resource so who knows.
I am a complete novice in this so take what I say with a grain of salt.
TNP Price at posting:
2.0¢ Sentiment: None Disclosure: Held