attention: chand, page-5

The JV will commence with 3mcfg/d , tahts a great start from 2 wells , 3 more to be completed then 30 odd more drilled.
Remember drilling onshore USA costs about USD500,000 per well , vs offshore drilling at USD10,000,000 minimum per well plus huge tie-in/production costs!!
Its quite simple to do the maths on NEO and/or OPL , you dont need to be a geologist or petro-tech , just use USD12/mcf x expected production per shallow gas well.

Then add the deep oil to get the real upside picture.

I think the report released on Friday says enough ... maybe some of you guys should read it before posting ??!

SALTY