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15/05/18
21:59
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Originally posted by justinmetals
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It’s a bit early but there is huge possibilities with He and NG in Southern A. If they find 2000PJ of NG and 200BCF of He that would add 700PJ delivered over 20 years so 35PJ or $50M PA with NG and $300M total of He at $50 per 1000cf
It’s gotta take SP to $2 plus so following santos southern A exploration and in Moomba pipe announcements CTP could launch above $1 with take over offers there abouts. This will have to happen in 2020 and one would have thought Moomba pipe needs to be humming with gas by 2023 to prevent demand destruction and to beat the Victorian gas and NSW gas to market (following lifting of moratoriums under the reality of demand and employment destruction)
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If they find 2000PJ of NG and 200BCF of He that would add 700PJ delivered over 20 years so 35PJ or $50M PA with NG and $300M total of He at $50 per 1000cf
To clarify ideas..
NGas
2000PJ @ 30%CTP share =700PJ @ $1.50/PJ
=$1B
Helium
200Bcf @30%CTP share=70Bcf @ $50/1000cf
=$350M
The SOA suggests much greater resource in the Southern A than the above.
Ie BCF RESOURCES AS FOLLOWS
NG/HELIUM
Mt kitty 38/18
Dukas heavitree 2,410/493
Dukas frac basement 1,247/255
Sculthorpe Heavitree 728/149
Sculthorpe basement 176/36
TOTAL. 4,599/951
Earlier envelope calcs assumes recovered reserves of
2000/200
1Bcf approx = 1PJ