bigger then ben hur, page-7

Just to get your juices flowing a bit more, I have updated my spreadsheet of which tracks the production of all their wells. If the can get a steady 5MMcfd out of Outlar -1, AZZ's gross revenue is over $US10Million (lets call it $10M) for calender year 2008. There are a few low producing wells in this figure and some of these will have additional perforations put in them to get them producing more. So on these wells alone, at these prodction rates (except Outlar which I have used 5MMcfd) AZZ is covering its non well development/drilling expenses.

An excellent position to be in. They would also now have about $7-$10M cash in the bank and of their new $20M equity funding facility.

Bring on the mother ship, JF-1 Well with the big 4.5 inch pipe down its throught waiting perforation. A flow of 10mmcfd would put us into orbit, $1.00 per share will be what you see in the rear view mirror.