bargain buy or too risky a play, page-5

hope this helps to value imp atm Hi wil, ex and all

Back for 1 last stint.

http://www.eia.doe.gov/emeu/steo/pub/contents.html


$11.00 US per mcf (thousand cuft) or above is not out of the question by Xmas 2006

IMP:- 500.000 mcfpd per well x 10 at least imo.

Umm that’s 500.000 x 10 = 5.000.000 mcfpd /1000 = 5000 x say $9.00us average= $45.000US pd x 365= $16.425.000 US. Oh that’s only 10 wells now you work it out % wise

Carrolltown Prospect Area, Cambria County, Pennsylvania


http://www.cogicgp.com/geo_rpt_2005/summary_farabaugh.htm
http://www.cogicgp.com/geo_rpt_2004/summary_sites.htm
http://www.cogicgp.com/geo_rpt_2005/map_01.htm

Now look real close at the map (copy paste and blow it up) some wells are flowing over 1.000.000 mcfpd and some only 200.000 mcfpd

Some of these wells are (infill) also

If I’m not right I’m close imo.

I'm not the only one that knows for sure.

Hope this helps.

BIG Cheers all holders.

Comments.???

IMHO
DYOR

Xan