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Missed a zero in the calcs. Should be $8,000,000 per year. If...

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healyn

5,417 Posts.

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13/11/14

10:22

Post #: 14282094
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Originally posted by healyn ↑

Your point 5. "not such a clean process, is it?" The gas stream is "too rich"
Page 24 RISC report.
The LPGs being vented is worth by my back of the envelope calculations about $800,000 per year.

Refer :
Whilst not directly impacting plant availability, the plant design will not allow the entire gas stream
to be produced "on specification". If the flash gas is recombined into the process the sales gas will be
too rich and the Wobbe gas index specification (<52 MJ/m
3
) will be exceeded. For this reason the
flash gas is currently vented (with approval from the WA regulators), causing intermittent high gas
levels to be experienced in the plant area and production to cease if access to the plant area is
required for activities such as condensate loadout.

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Missed a zero in the calcs. Should be $8,000,000 per year.
If and when another 1 or 2 wells are drilled and the gas is piped thru the RG plant it will increase the venting and lose conmensurately more revenue.

EPW Price at posting: $1.85 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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