from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. An SI unit of energy, work, and heat equal to 1015 joules.
In the past, Todd has said each extra petajoule would mean millions of dollars in extra revenue, but it has now put a total figure on its damages claim - $274m.
In a webcast, he compared the acquisition to other recent coal seam gas buyouts, showing that its cost per petajoule of proved and probable (2P) resources was 28 cents, compared to much higher rates elsewhere.
Each additional petajoule could generate $12 million in extra revenue.
A petajoule is equivalent to the electricity used annually by a city of about 40,000 people, about the size of Porirua.
One petajoule equals roughly the amount of energy needed to run Montreal's subway system for one year, Statistics Canada said.
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