George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Why wouldn’t we
Well, the price in oz finished at 0.45 cents which is 0.24p, so pretty much the same as here. Wonder if we will hold at the current level. Let's hope so. Gla.
Just trying to be polite wolf. Perhaps you could try it. You never know you might like it. Atb.
You really found that hilarious? Must be a barrel of laughs round your gaff.
Jack are you having a laugh? Sounds like you actually think they can get the condensate without bothering with the gas. Hilarious. The condensate is part of the gas. You can't have one without the other.
Also, that amount is the contingent resource which by definition is not all commercially recoverable. The true resource is about 10 % of that. If Oilex get even that amount out of the ground they will do very well indeed.
Jack
Here's an old article from 2020
https://m.timesofindia.com/city/ahmedabad/dip-in-natural-gas-price-to-benefit-consumers-industries/amp_articleshow/74632630.cms
What's intresting is none of the Gas majors in India can keep up with demand in Gujarat Post Pandemic
https://www.google.com/amp/s/www.bloombergquint.com/amp/business/indias-gas-demand-is-likely-to-grow-like-never-before
LNG is coming in at $18 per mmbtu currently and they need it to top up stranded assets.
Cambay is pre nelp so is not stuck to central gas pricing.
That's the prize
Of course we have to get gas out first and that's always been the million dollar question ?
Can we extract gas from the siltstones ?
Gla
jackpack
This RNS states 61 m barrels condensate:
https://www.investegate.co.uk/oilex-ltd--oex-/rns/execution-of-cambay-spa/202106101205455179B/
If liquid 1 post which states 61 million barrels of condensate is correct and i think its going to be at least that. Then even at say 38 dollar's a barrel then that's 2 billion,318 million dollars and that wont be such a problem to extract regardless of the gas. Thus what ever the outcome of the drills cambay is going to generate a substancial amount of money over the next few years