anticipate permit ann. end of this year, page-11

Hirdy,

From the thread “up to 3 trillion cubic feet of gas”.

1 Mcf = 1.026 MMBtu (approx)

Source http://www.energy.rochester.edu/units/conversions.pdf

1MMBtu = US11.25 (average henry hub price for May to date)

Source http://www.oilnergy.com/1gnymex.htm#daily

Para 1… 340 Mcf = 348.84 MMBtu * US$11.25 = US$3924.45/day

US$14.32mill/year

So IF Para 2 gets 1-2mmcf/d…lets say 1mmcf/d.

1000 Mcf = 1026 MMBtu * US$11.25 = US$11,542/day

This equals US $42.12mill/year…. There’s the $1.00 hirdy.

In 10 years they could have 40-50 wells…lets say 10.

Thats an SP of US$10

Phew I am exhausted