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07:56
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Nicely put
Originally posted by GoGocelk:
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First of all, I do not consider myself an expert in Finance, O&G ETC. So lets look at some things just for fun. If a Helium well produces 400 MCF of total gases a day at 3% per every 100mcfs then that would be 12 MCF of pure Helium per day, at 500 dollars for each MCF, Daily value is $6,000.00, times 30 days in month equals $180,000 per month ,times 12 months equals $2,160,000.00 per year. That makes for an extremely short payback on investment say more or less $500,000 per well . A 3 month payback?
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Plus, a commercial well only needs .3% to be profitable. Getting 3% is an absolute winner.
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