What did the average well produce per day for the first two years of its life? Most wells produce high early and then tail off for the next 10, 20, 50 years, still producing commercial gas because the plant is paid for, the shareholders have their return on initial investment and the well is now providing pin money for next to no cost.
We still don't know how much saleable gas there is. If the CO2 content is, say 10%, then we only have 0.18MMcfd. The company will probably use another 0.02 - 0.03MMcfd for energy generation for the production plant and compressor. The CO2 content could be up to 30%, and there is H2S too. Why the management will not tell us what it is does indicate, I agree, that they know exactly what they are doing. I do not believe that they don't know. Saying they have been waiting for six weeks for an analyser is another delaying tactic.
A commercial well? Should have been posted on the Humour section!
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
