DM
Firstly, I'm not sure that AWE and Bharat would be happy with a "guesstimate" on this work.
If it is like that a horizontal well, with multiple fracs would be more like $15-20 million, if based as a "one-off" well.
You are also ignoring simple things like gas plant access (at what cost) and the installation of a pipeline. Also don't forget the green tape.
If it was as easy as you suggest, they would be doing it. Sorry, but your simple analysis is just that.
Al99
I own AWE shares.
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