I prefer a medium position of 115 mmboe
Agree with jophda , I estimated that a gas line and well head infrastructure would have cost around US$60M , hopefully they will not need a oil pipeline and can pump from the well head 8 months of the year (when roads are ice and snow free) guessing CAPEX $6M
Even at the lower 12MMBOE (not my 115 mmboe above) and say drawing 1.2MM BOE eq per year for 10 years that would be only around 3% of Austria's crude oil requirements but would give a healthy revenue for ADX and partners .
But what happens to the gas are they allowed to flair it or can they somehow not take it out of the well head ?
Above is not professional advice I have a history of loosing money in the oil and gas sector .
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