Hi allSome were asking so:Independent consultants RPS Energy Pty...

Hi all

Some were asking so:
Independent consultants RPS Energy Pty Ltd some years ago
in a report assessed Winchester as:

Undiscovered gas Initially in place:

Low estimate 590BCF
Best 1596
Mean 2131
High 4243

Prospective Gas Resource and Condensate:

Low 354BCF 14mmbbls
Best 1117 49
Mean 1492 67
High 3394 156

Early days, hoping that they find more obviously with the
6 3/4" hole lower down where they ran into over-pressure problems previously that necessitated the S/T.

Just as a heads up. Using the 'Best' figures and 50c a thousand and 20 dollars a bbl you get. (Plug in whatever numbers takes your fancy)

1500 x 25% = 375BCF x 50cents/thousand in gnd = 187.5m
67 x 25% = 16.65mmbbls x $20bbl = 335.0m

Approx 230m shares on issue fully diluted = 2.27cps.

As I say plug in whatever numbers you like.
They have called it a 'discovery', I haven't heard the word 'commercial' yet but I have my fingers crossed. I think a lot will depend on what they find lower down.