Does anyone have the skilset to work out how much $ per day VEN are selling based on the previous announcement of 3.9 MMSCFD?
3.9 million standard cubic feet
= 110,000 cubic metres
25.5 cubic metres to a gigajoule
110,000/25 = 4,400 gigajoules per day
4,400 * price (call it $12 at the cap) = $52,800 per day
= $19,272,000 rev per annum from the first well
Am i on the right track? 2nd well probably doubles revenue.
Stubborn Share Price, page-4
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