The gas isn't worth nothing....
If it is relatively pure gas (ie: close to pipeline spec as it comes out of the ground) and there is a pipeline nearby then the CAPEX to process this gas will be very low.
If the ROI to process the gas is good (< 1.5 years) then it may just pay the initial well costs in the life of this well......and if this is possible in this one well then it would be fair to assume that you would be able to move the equipment across to the next well when this one dries up.
This would be a great position to be in where your waste vent stream becomes your CAPEX return...all the oil sold then is money for jam after that!!
I am sure TTE will let us know in good time.....just don't write it off straight away!!
331 bopd on choke!, page-48
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