TEY 0.00% 3.5¢ torrens energy limited

Ann: High Heat Flow Returned, Port Augusta Projec, page-12

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  1. 2,646 Posts.
    re: Ann: High Heat Flow Returned, Port August... butcherboy, i assume you have now found the 780,000pj i refered to...? also note that tey's 780,000PJ inferred resource was the first to be defined and released under the new compliance code.

    to put into perspective how much 780,000 PJ is: the table below details the CSG PJ reserves (2p and 3p) that the Australia Pacific entity holds (which is the JV entity between Origin and CoconPhillips) - this is from a june 09 report on the ORG website

    Reserves attributable to areas held by Australia Pacific LNG – 100% level (PJe)
    Reserves at 30-Jun-09
    2P Reserves 7,265
    3P Reserves 12,627

    didnt coconphillips pay $15b or so to origin for its half share of those reserves???

    so what could tey's 780,000PJ be worth? even if they can commercialise only a samall fraction of it, say 1%, it could be worth a fair bit???
 
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