why such excitement at 8c ??, page-68

Just threw some numbers in a spreadsheet,

Looks like the current exploration well is economic as a vertical well,

Assuming 800MCF and 50 BOPD we get $3,869,000 pa @ $7 per mcf and $100 bo

I,ve lowered the gas as I expect flow rates to drop as this is shale and am assuming oil is conventional, and we are at the tip of a field. Hopefully a field and not a puddle but 3D will show

Any way something we can make money from, and borrow a bit from the bank rather than always doing a cr.

Yes I know we need way more money but as we are the operator we can take it one well at a time thus forcing a bid from our partners or getting their help with financing