shrewd crude report valuation, page-14

375 wells , as per Pottermor's post.
.
Munachen said Sept 2011 in "Resource Stocks" - see HC Post #: 7120291 -
625 wells (50,000 acres permit) @ 5Bcf over well's life = 3Tcf.
but he also said the program is for -
3 fract tests, then 2-3 wells for contingent resource, then plan for 10 wells per year for 5 years = only 50 wells.
So the immediate cashflow will be ramping up : 50 wells x $3m =$150m PV of producing wells.
In other words, PV of the current 1st 5 years of A2 operational plan (excluding all the incremental proving and expansion of development) is $150m