LNC 0.00% 99.5¢ linc energy ltd

2 wells cedar hor and re at kirby, page-31

  1. 1,166 Posts.
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    Thanks Mark..

    had a look as well and Wiki gives 1 x BOE = 5,800
    and 1 x Mcf = 1,000 cu ft

    So in your report the 1087Mcf = 1,087,000/5,800

    gives another 187 BOE

    total 623 + 187 production for the well

    equals 810 barrels oil per day..

    thats a very good well and on Lincs factors of earnings is US$20,000,000/ .81

    equals another US$16,200,000 per annum to Lincs' cashflow just from this one well...
 
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