re the flow
euroz/patos estimate break even flow at ordos basin at around 125-150mcf
would think all the basic inputs are much the same, except well drilling/tie-off costs, where lrl, seh are paying $2m per well, TNP is paying $1m...
which might make 60mcf pd the ballpark break even flow
if near by well are averaging 300-500mcf that equates $4-7m npv per well.
looking forward to the drilling
Ann: Further Extension of Share Purchase Plan , page-51
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