RE: Why wait for 1.5 yr for the real CF?Good post again TO1, made me look for some data.
This is what i found on gas prices in the CAX report:
Tunisia currently legislates domestic gas prices to receive 80% of local low sulphur fuel oil prices, which at $100 per barrel equates to approximately $10 per Mcf. Tunisia currently has a domestic gas demand for approximately 150 MMscf/d, which we would hope to access upon success at Chaal.
Calculation if i am not mistaken is then (I''ll take above prices although the seem moderate to me):
Chaal is 1tcf at 60% WI = 600 bcf times 10$ per Mcf is 6 bln $ I believe
Deep Triassics i 2tcf (at average 30%) WI = also 600 bcf and 6 bln $
(Pls let me know if I err, since I have seen valuations with a 0 less but i don't know if this was risked - calcualtion seems right)
Chaal is planned to be drilled this Quarter. And in 1969 some russians already drilled it, so we know it's there. And we had a caved well that flowed excellent qual gas and non-commercial rates. So big question is can the acid perf the reservoir enough for commercial flow rates.
Tbh Wouldn't hold my breath for the Triassics, CAX are not the quickest operators...
On your other remarks from IAE:
- Good points on Stella
- High WI I hadn't realized
- Not waiting around for a decade is a fair point as well ;-)
You just raised my interest another couple of notches. Thanks, appreciate the exchange.
Hope you look at CAX as well and make a bunch.
R.