Fair point. With the connection cost, it surely wouldn't be as much as QLD since MAPS runs right over the top of PEL96? And I am assuming they would have a centralised processing unit (or a few smaller ones) sitting fairly central within the Phase 1 area and have a single outlet connecting to the sales pipe?
You are correct about the perm and gas saturation. If they hold up to test, it will be very commercial. My exercise was simply to determine the ballpark required production flow rate to justify commercial decision. So at 5mn well cost, we would need minimum 500mCFpd (NPV 7.89mn). Preferably 1mmCFpd (11.2mn) or higher.
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