flow test wilkerson 2a, page-3

Final well report:
The Wilkerson #2A has estimated recoverable reserves of 600 MMCFG from the Fort Payne Formation and the New Albany Formation.

http://www.austinexploration.com/Park%20City%20-%20first%20well%20a%20success.html

600 mmcf based on 200 mcf/d -> 8 years of production and 600 tsd USD per year.

Is the Gas net the same as oil net...? If yes, then the net outcome is 25% of 600 tsd -> 150 tsd per year

Cost per well is 600 tsd USD...(First 4 years to pay the well)


I think that's the reason for the price is going down!

Hope for higher production and some more mmcf by new frac tech!

Cheers,
Sil