RE: Angs a Major in the making18 Sep 2022 10:35
I've done some calcs on the back of a fag packet
If the current daily output from SBY is 5.5mmscfd that equates to 3.5 for the hedge and 2 for Angus. 2MMscfd equates to 600000 therms per day and at the most conservative price at 200p a therm ,that on my fag packet makes 1.2 million sterling A DAY gross profit. Annually multiply by 365 gives a gross annual revenue of 438 million sterling.
GL eluded to having the second compressor on and the sidetrack completed by end Q1 2023
giving an output of 10mmscfd which equates approximately to 3 million therms per day of which 3.5mmscfd for the hedge and the rest for Angus 6.5mmscfd (1.95 million therms a day )
,1.95 x 200p = 3.9 million sterling a day.