RE: lse hot chat topic6 Apr 2021 23:49
Hey guys, really new to this but just wanted to get my head around it.
I saw a video on Twitter by ShareTalkNews, which I can't share now because I'm on mobile, where Oilex director is interviewed. He mentions in the video that there is around 900bcf of gas to be found and he is very confident that they will be commercially viable. Based on this, there is about 922,501,074mmbtu of gas. With gas price in India currently at 187.8INR (3.35aud) per mmbtu, does this mean the potential revenue minus the costs, etc. is around $3.09 billion aud? This seems excessively high so I'm assuming I made a mistake somewhere? Any criticism is welcome
Last edited by BigShay: Yesterday, 22:51 from HotCopper Website