So going on my previous calculations:
2248 + 2159 + 1364 = 5771 MCF
67 + 43 + 29 = 139 BO
5771 MMBTU * $3.70 = $21 352
139 bo * $80 = $11 120
Total = $32 472/day total production (or 405 boepd)
Minus costs = $16 241/day
GGE's share = $3 248/day or $1 185 593/year
~3 years for 0.1c to SP?
Can anyone explain what the 15% WI after payout refers to? What is the payout?
abita on track, page-11
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