IMP imperial corporation limited

imp 4th well success. news of 5th well due, page-6

  1. 51 Posts.
    SuperTramp,

    There are infact 160 wells in production and another 18 in development.

    i) Production
    168 Proved Developed Producing (PDP) wells;
    Up to 30 wells having been identified for either workovers or mechanical enhancement;
    Approximately 4,790 gross acres held by production and lease;
    In excess of 50 Proved Undeveloped (PUD) locations;
    Total Proved Net Reserves (1P) in excess of 11.3 Bcf;

    taken from http://www.imperialone.com.au/default.asp?id=19

    also look at http://www.imperialone.com.au/default.asp?id=16
    15 wells completed with 75% working interst, generating a 60.9375% net revenue interest in the joint venture.

    I am not sure on the near accuracy of the $ value given by Mr Muzz though

    do your own research, don't rely on others info.

    all the best.
 
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