RE: Another statement from Senator15 Nov 2018 18:35
Nice try newtofo,
Gunner spoke about 500 TCF of gas and nearly 400 years of gas available for Australia at 1.4 TCF per year. So Gunner is suggesting there is 500 TCF of recoverable gas in the the Beetaloo. At 1.4 TCF per year, that translates into 357 years.
Falcon Oil has 500 TCF in place in the Velkerri B Shale. Possibly another 500 TCF in place in the Velkerri A/C Shale. Then there is Santo's Beetaloo gas to consider. The 16% recovery is a guesstimate with today's technology. What's the recovery percentage in 400 years. Gee, I believe they only fracked Leduc 1, Alberta's 1st well dating back into the 1950's, just a few short years ago. What did anyone know about fracking in the 1950's.
Humans are smart and all this gas will eventually be extracted.
In the mean time, enjoy tax loss selling season as shareholders sell off their losers like FOG to offset their gains in APPL. As bigones' suggests, the action should start again in February 2019. That seems about right.