half billion annual revenue for lorraine

Thanks Neo and Mikayla

Based on that article, EPG is aiming for 200 wells at Lorraine, with each producing about 1,000,000 cu ft per day ... at $7/1000 cu ft, thats just over $0.5billion revenue per year, with abt 75% of that being earnings!

I was pleased to see the first press link between EPG and PGS and that successful drilling relationships forged by PGS in America are probably being deployed to Europe. I have thought for some time this is where the expertise would come from.

And just as I get depressed thinking abt the above, I remember that there is a pending application to double the size of the Lorraine Permit and there are two other French Permits and three other Italian Permits.

I think I will hold a little longer.

Cheers
Poyndexter