Bomber78 Of course you have seen this article? Cott Oil and Gas...

Bomber78

Of course you have seen this article?
Cott Oil and Gas commences Floating LNG study for Pandora Gas Field

Wednesday, March 12, 2014 by Bevis Yeo

http://www.*.com.au/companies/news/...ng-lng-study-for-pandora-gas-field-53619.html


I notice that Wilson will be looking at retro-fitting a tanker as well as all other options.

I've read one article which suggested a retro-fitted FLNG ships could be used to produce LNG which would then be transferred to a LNG ship for transport to the buyer's re-classification plant.  It was also suggested the retrofitted ship could be used for the 3 phases - liquification, transport and re-gassification.

It seems proven natural gas reserves around the world have been sold for around $650M per tcf.  Pandora is not quite 1 tcf .  But I am certainly no expert and I suggest the amount of co2 in the gas would affect the price.

Maybe this site could answer the question?
What Are Proved Reserves Worth? (PXD,UNT,CXO,DNR)

www.investopedia.com/.../what-are-proved-reserves-worth-pxd-unt-cxo-...

The value of proved reserves can fluctuate based on the commodity prices used ... These prices were $87.31 per barrel for oil and $5.46 per Mcf for natural gas.