I see the OTC pumpers can't help themselves extrapolating $$ out when as you say
Gas revenue is minimal vs costs to supply, they had to spell that out several times very clearly.
Most of the $$ are coming from existing wells Oil that can't produce. (minimal or no flaring)
So, if not ok associated OIL, gas only wells will have very little profit.
So, they have already picked the 2 largest/best ones at Pathfinder. (which will be as good as it gets imo)
HZ and AV, which really only leaves Powell.
The cost of those 3 wells would have been close to US$10m and they still owe payables on the last 2.
So, lets see how long it takes now to pay back the costs.
I'm picking about 10 years just in revenue (not profit) as they will still need ongoing maintenance and workovers....and these formations have history of getting blocked up.
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I see the OTC pumpers can't help themselves extrapolating $$ out...
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