XCD 0.00% 1.1¢ xcd energy limited

Assuming both wells combined produce at say 50 mmcf a day, thats...

  1. 1,317 Posts.
    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.
 
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