RE: Rns27 Sep 2024 10:38
I think something is happening with Coos bay, mabe the company has had some interest from potential partners recently or a RTO who will take on the project. This company is massively undervalued.
We hold some high volumes of gas reserves in Coos Bay.
Gas in Place Estimate
Curzon Coos Bay CBM – Original Gas in Place Estimates, BCF
Low Mid High
Upper Coaledo 20.6 66.2 101.5
Lower Coaledo 181.3 579.4 888.5
Total 201.9 645.5 989.9
Contingent Resources Summary
Curzon Coos Bay CBM – Lower Coaledo coals – Contingent Resources, BCF
1C 2C 3C
85.6 273.5 419.4
Individual Well Economics
Single Well Economics Summary – 15 year well life
Type Curve Net Gas,
mmcf Net Revenue,
k$ Net Opex,
k$ Taxes,
k$ PV10,
k$ IRR,
% Payout,
yrs
Low 240.5 1,213.8 320.0 72.8 181.5 22.6 4.2
Mid 392.9 1,988.5 512.0 119.3 493.2 40.1 3.1
High 533.2 2,717.5 657.3 163.0 758.9 47.8 2.6
Development Economics: Initial Phase I (7 Wells) and Phase II (58 Wells)
Phase I & II Economics Summary – 15 Year Project Life
Net Gas,
bcf Net Revenue,
mm$ Cap Ex,
mm$ Net Opex,
mm$ Taxes,
mm$ PV10,
mm$ IRR,
% Payout
yrs
Phase I 2.8 15.1 1.2 3.6 0.9 5.5 112% 1.6
Phase II 22.4 123.3 21.5 28.4 7.4 29.1 46% 4.6
Phase I + II 25.2 138.4 22.7 32.0 8.3 34.6 N/A N/A