Based on the last quartely report and taking into account the increased interest in East Chaulkley to 35% and potential for Highway 71, can we assume the following?
(I have lowered the figures on gas and oil to take into account the fluctuations throughout the year.)
Oil production per quarter: 4857 (Includes extra 10% acquired)
Gas production per quarter: 18.4 MMCF
Highway 71 (We would expect at least 2MMCF per day which would give TEX 0.5MMCF per day and total per quarter of 45MMCF
Total oil per quarter: 4857 x US$70.00 = US$339,990.00
Total Gas per quarter: 63.4MMCF x US$4 = US$253,600.00
Total per quarter: US$593,590.00 Gross
Our hopes really are pinned on good daily flow rates at Highway 71. 2MMCF per day would be great but 4MMCF per day would just be a big bonus. Anything higher, well perhaps a re-rating of this stock is in order!!
Your thoughts??????????????????
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