A bit of quick maths:
Vali-1 is producing at 3.9mmscfd. Assuming 20% impurities and a net price received of $6/gj we have:
3.9mmmscfd = 1.51 pj/a
1.51*0.8 = 1.21 pj/a after 20% impurities
1.21pj/a * $6/gj = $7.26m
MEL share: $7.26m/4 = $1.82m
Quarterly rate: $1.82/4 = $454k
Vali-1 was the worst performer on test, so despite water in Vali-3 we should see 3x plus this rate.
3x = $5.46m per annum, or $1.362m per quarter
On top of this - each additional dollar in net proceeds per GJ will see an additional $910k per annum/$228k per quarter profit in the three well scenario.
Not bad.
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