Somebody else’s maths for Timor6 Feb 2020 09:39
1,276 to 1,740 BCF (1.276 to 1.740 TCF) of recoverable gas.
25% Chuditch PSC Net to BOIL
Japan, South Korea and China all paid average wholesale gas prices over $US8 and in some cases approaching $US12/MMBTU.Â
Per Mmbtu US $ 9 in Indonesia
Timor Leste borders Indonesia
1 x Mmbtu is roughly the same as 1 x Mcf
1 x Bcf is a million Mcf
1 x Bcf is US $ 9 Million
1,276 to 1,740 Bcf
Roughly US $ 11.5 Billion to $ 15.5 Billion
25% Net to BOIL
US $ 2.9 Billion to $ 3.9 Billion Net to BOIL
Wholesale prices in Australia are roughly 40% cheaper but that would still equate to
US $ 1.7 Billion to $ 2.3 Billion Net to BOIL.