Ann: Strike & Orica Sign Binding Gas Supply Term , page-32

re: Ann: Strike & Orica Sign Binding Gas Supp... Some more calcs for the mid case scenario Jiggyjigs....

Strikes share of "recoverable sales gas" in Pel 94,95,96 = 6.3 - 16.4 TCF. So lets assume 10TCF for ease of calcs.
That is "recoverable sales gas" - see page 8 of presentation.

So if you extrapolate your conservative numbers out on that you get ridiculous numbers.

I am not kidding myself as to the time and money taken to get to that point, but I think you can see the numbers on this are truly massive if they can expand their drilling programme over time and expand their production profiles - Well more than 400 mil.
What i love is that the cost of production is well below some of its competitors too - a massive advantage in the unconventional space and no doubnt will become more and more attractive.

I can't see the downside here really.
Maybe only thing would be if O&G prices fell off a cliff globally which couldnt be further from the truth at the moment.


from a drillsearch preso.....“Prospective Resources” is defined as those quantities of petroleum which are estimated, as of a given date, to be potentially recoverable from undiscovered accumulations.

Drill search see their prospective resource as 25-50% of gas in place in the coooper.