TNP 0.00% 2.5¢ triple energy limited

worth having a look at., page-110

  1. 23,765 Posts.
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    "Csg wells flow at VERY very low rates due to the iimpermable nature of the coal seam cormation. pretty much its the tightest form of gas you can get and it requires "

    TNPs last presentation showed an annual daily prodn of around 65MMscf a day from about 52 wells at its peak
    So each well was making at least 1MMCF a day
    1 MMCF = 1.05GJ = about $7,500 a day
    using SEH lifting cost = US$mcf = 0.93 = $930.00

    then $7500 - 930 = $6570

    Say well cost $750,000

    then payback is $750,000/6570 = 114 days

    doesnt seem to long to me and is the ace of spades result Johno did not produce.
 
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