Conceptual gas development plan; 203bcf with pre-tax NPV of US$448m (Reabold 56%)
Data gathered during the 2021 drilling program has been further analysed to arrive at a conceptual development plan (subject to funding) to recover 203bcf (~34mmboe) gas at West Newton. Reabold has a ~56% economic interest in the project, and estimates a gross pre-tax NPV of US$448m for the project, a pre-tax IRR of 87% and gross capex to first gas of US$139m.
8 well development, with first drilling potentially H1 ....
21 Jun 2022
Focus on gas development at West Newton
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Focus on gas development at West Newton
Reabold Resources plc (RBD:LON) | 0.1 0 (-8.3%) | Mkt Cap: 8.41m
- Published:
21 Jun 2022 -
Author:
Martin Thomas MT -
Pages:
6
Conceptual gas development plan; 203bcf with pre-tax NPV of US$448m (Reabold 56%)
Data gathered during the 2021 drilling program has been further analysed to arrive at a conceptual development plan (subject to funding) to recover 203bcf (~34mmboe) gas at West Newton. Reabold has a ~56% economic interest in the project, and estimates a gross pre-tax NPV of US$448m for the project, a pre-tax IRR of 87% and gross capex to first gas of US$139m.
8 well development, with first drilling potentially H1 ....