return est 60k per day per well. azz 2 wells + next 2 1.75m per month. each well costs 8-10 million us. currently enough to complete three wells. will certainly need to raise more cash by mid year if they intend to have 10 completed by end of year. Should be self sufficient then depending on gas price. On current completion rates will not have ten wells by end of year unless they obtain another drilling rig.
AZZ Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
