Hi Gnp27j
Yes I believe you are right the price I came to stated .10c without the oil as many holes do not produce oil. That said you are very close to the mark IMO comparing this C/o with IMP's potential.
Nothing much more to say until flows are announced
The basin has been producing for over 80 years I believe and a lot and I mean a lot of leases are on their last legs but still producing gas and introducing them into the equation skew's the figures real bad and don't ask me what leases produce what as that's asking the impossible. SO we are looking at a virgin C/o with new holes drilled in a new lease area.
Wait and see the ann we just might be surprised.
Cheers all
IMHO
DYOR
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