in excess 5 million cubic feet of gas / day, page-25

im starting to think your special champ the tests might have been conducted over a couple months that is very different from the well actually flowing gas for a couple months to test.

You really think they flared 5mmcf per day to the atmosphere for 3 months? at $3 gas price thats $15K a day , over a 90 day period thats about $1.4 million dollars.

So let me get this straight they flare $1.4 mill of gas and call you guys up for $6 Mill of cash?

Perhaps some of the investors in this company are of the same calibre as the management.

Whats more likely over a few month period they did a series of short duration flaring tests after trying different chokes, analysing water levels and other associated tests and one of those short duration tests flowed 5mmcf per day.

In all seriousness if it successfully tested at 5mmcf for a sustained period why would they not be producing and selling that amount of gas right now? Why even bother with a work over if the thing has already pumped out large quantities for a long time?

Answer because it CAN'T and its just SPIN!