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Thanks @Scarpa Turesi, is priority # 1, for next 4-6 months Get...

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Glyco

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18/04/18

13:01

Post #: 32526052
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Originally posted by Scarpa ↑

Thanks for these. Looks like they have a lot of exploration to do to confirm the 61 TcF, but they appear to have confirmed 6.6 TcF.

To others, note 1 TcF of gas is equivalent to 20 million tonnes of LNG, so even the 6.6TcF can drive a 5 mtpa train in Darwin for at least 20 years. Obviously everything is about cost so all hypothetical here.

Appears Origin has a lot of gas. If the gas is spread evenly between areas exploration/mining allowed to those not allowed still have a lot of resource, assuming a good chunk of the inferred resource makes it to the measured and indicated category (P50 and P90),bu obviously need to overlay where Orgin's tenements are to the area where fracking is allowed. And obviously from there need to do a bankable study to see if it is feasible or not to develop so any LNG development is years away there. So again all hypothetical.

I think you will find they will be able to undertake some exploration but mining will be longer don the track. So suspect in areas where not covered by the 49% exploration will happen earlier. In the article @fooca posted I note the following:
https://www.sunshinecoastdaily.com.au/news/fracking-given-green-light-by-nt-government/3389107/

"It's expected exploration will begin early next year. But full scale production will take much longer. Before production approvals are granted, strategic regional environmental and baseline assessments must be conducted. Those assessments are expected to take about three years to complete."

I thought GPP is seeking to leverage of Origin's exploration effort o at the earliest that will come next year, assuming where GPP's tenements are are not covered by the 49% where fracking is not allowed.

Having said all the above, to reiterate I want GPP to focus on Turesi, and finish what they started rather than wander somewhere else.

Hopefully this post provides a different perspective to this debate here.

All IMO

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Thanks @Scarpa

Turesi, is priority # 1, for next 4-6 months
Get this right first time.

The rest can wait, or move very cautiously as long as Turesi is main focus!

~

Gunning lifts ban on NT fracking | The Weekly Times
▶
www.weeklytimesnow.com.au/...fracking/.../e9e2715fa92d124fabdfa...

~

Fracking given the green light in the Northern Territory ... - Small Caps
https://smallcaps.com.au/fracking-given-green-light-northern-territory/

12 hours ago - Hydraulic fracturing, better known as fracking, has been given the green light by state authorities in the Northern Territory (NT), thereby potentially opening ....

~

Fracking given green light by NT Government | NT News
www.ntnews.com.au/news/.../fracking-given.../e6c02f2e0e0eeb837be33154b41a299c
21 hours ago -
But the business community and mining companies say the Government cannot ignore the industry's potential economic benefits now Justice Pepper's report has found the risks can be mitigated or eliminated.

~

Last edited by Glyco: 18/04/18

GPP Price at posting: 1.4¢ Sentiment: None Disclosure: Held
11 Upvote

2 Great analysis

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Thanks @Scarpa Turesi, is priority # 1, for next 4-6 months Get...

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