RE: Fund raise and dilution23 Jan 2025 07:19
The Company has taken input parameters used by Aeon to update its in-house economic model including contingent resources in southern dome. Based on an initial four producing wells and self-financed expansion to ten producing wells, and using a helium price of $500/Mcf, the in-house economic model demonstrates:
· NPV8 of $146 million
· Net revenue of $220 million over a 12.5-year life of field, and
· Peak sustained post-tax cash-flow of $28 million per year.
The in-house model shows potential upside that could be achieved by a successful extended well test in the southern part of the co-joined anticline.