EPR
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0.00% 0.7¢ essential petroleum resources limited

rig moving to fermat, page-28

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    874 Posts.
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    12/12/08
    08:55
    Post #: 4597838
    Ronstieb

    You are correct - Stockanalysis 30c/MMCFt was NPV basis.

    Also considers east coast gas to be oversupplied in future.

    Bottom line of a Fermat success will be how lomg before field would be developed - it may be cheaper to leave the gas "in the ground" till gas prices improve - assuming the multiple LNG plants mooted in Aust become reality, demand will improve.

    EPR Price at posting: 3.1¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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