3rd nat gas well successful 15 wells to go, page-9

MrMuzz,

Thanks for your post & comments. I mentioned the lack of profit, because IMP have been making a loss.

Can I run these figures past you please:


The first will is flowing at 900mcfg. To cover costs, we will use a gas price of $10. So $9,000 a day.

There has been 2 more strikes since. They may or may not flow, but we can assume that they probably will. So if at the same rate, that's $27,000 a day.

Or $9.855m a year.

And maybe 10 more wells to come.

So where have I gone wrong? I'm aware there are many if's there!