wcl in the news, page-11

MH said target output per well was 300mscf-500mscf /d.
some wells (2?)currently doing 1mmscf/d

target cost was $1m - $1.5m each.

somewhere back post I did a calc.

I was conservative and took 350mscf. think 1.06mscf = 1 gj? but say 350mscf=350gj

so at 30tj = 30,000gj / 350gj = 85.71 wells

at say $1.5m worst case = $129m

WCL share $65m

I reckon the J/V will raise debt.
give charge over assets of J/V
then any extra funded by contribution of partners.

they can do leaseback of infrastructure
can do pre- payment of gas sales
can do straight project financing
can do straight corporate debt
can do small CR

I reckon it will be combination of above

can anyone shed any light on field dev costs????
do you reckon that is ballpark?

cheers