icn - dyor - understanding shale & lng, page-6

Not very generous on the netback there Aussie considering expected increase in demand.
If you use those Flows with a $3 net back as you suggested earlier and a 4 Mmscfd that would be profit of $1.44 mill per well per year

If we have 6 wells as suggested in exploration program that would be about 8.5 mill profit a year

Aussie did those average costs include initial drilling costs?? I'm assuming not?

What sort of flows are some of the successful horizontal wells getting in the US?
Also do you have your own targets in terms of required economic flow rate? I'm thinking it's going to have to be about 8?

Is there any correlation between vertical flow rates and horizontal or is this impossible to predict until flowed?

Cheers