GPP 0.00% 0.1¢ greenpower energy limited

NT Fracking, page-15

  1. 6,289 Posts.
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    Thanks for these. Looks like they have a lot of exploration to do to confirm the 61 TcF, but they appear to have confirmed 6.6 TcF.

    To others, note 1 TcF of gas is equivalent to 20 million tonnes of LNG, so even the 6.6TcF can drive a 5 mtpa train in Darwin for at least 20 years. Obviously everything is about cost so all hypothetical here.
    Appears Origin has a lot of gas. If the gas is spread evenly between areas exploration/mining allowed to those not allowed still have a lot of resource, assuming a good chunk of the inferred resource makes it to the measured and indicated category (P50 and P90),bu obviously need to overlay where Orgin's tenements are to the area where fracking is allowed. And obviously from there need to do a bankable study to see if it is feasible or not to develop so any LNG development is years away there. So again all hypothetical.

    I think you will find they will be able to undertake some exploration but mining will be longer don the track. So suspect in areas where not covered by the 49% exploration will happen earlier. In the article @fooca posted I note the following:
    https://www.sunshinecoastdaily.com.au/news/fracking-given-green-light-by-nt-government/3389107/

    "It's expected exploration will begin early next year. But full scale production will take much longer. Before production approvals are granted, strategic regional environmental and baseline assessments must be conducted. Those assessments are expected to take about three years to complete."

    I thought GPP is seeking to leverage of Origin's exploration effort o at the earliest that will come next year, assuming where GPP's tenements are are not covered by the 49% where fracking is not allowed.

    Having said all the above, to reiterate I want GPP to focus on Turesi, and finish what they started rather than wander somewhere else.

    Hopefully this post provides a different perspective to this debate here.

    All IMO
    Last edited by Scarpa: 17/04/18
 
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