Assuming both wells combined produce at say 50 mmcf a day, thats a gross 2.5 mmcf a day to Entek for its 5% interest. Production flow tests and sustained production rates are inevitably different even though Entek is saying there is a chance the combined flow rate will exceed the 80 mmcf a day capapcity of the proposed production facility.
Gas sells currently at US$7,380 an MMCF or US$7.38 an mcf. So around US$17,600 gross a day for Entek. That's a very nice return.
Someone correct me if I am wrong.
- Forums
- ASX - By Stock
- cant wait for next week
Assuming both wells combined produce at say 50 mmcf a day, thats...
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)