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14/10/07
21:37
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I have been doing some more number crunching. Let me know if I have made any errors or missed anything.
Assuming US$6 per thousand cubic feet of gas, discounting liquids/oil, conversion rates, drilling, pipe and administration costs:
Oyster Creek
70% (average) * 17 BCF = US$71 million
Little Bear
??
Schaeffer Ranch
50% * 200+ BCF = US$600 million +
Kennedy Ranch
60% * 30 – 75 BCF = US$108 – 270 million
50% * 30 – 120 BCF = US$108 – 360 million
Gemini
50% * 5 – 15 BCF = US$15 – 45 million
Yellow Rose
50% * 10 – 40 BCF = US$30 – 120 million
West Wharton
30% * 40 – 75 BCF = US$72 – 135 million
Total potential value of projects US$1 – 1.6 billion equals $6 – $9.52 per share, all in the next 6 months!!!
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