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9.43% 5.8¢ challenger gold limited

canyon sands

  1. d_giff
    749 Posts.
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    10/01/11
    20:39
    Post #: 7712924
    A reminder from the Annual Report Presentation regarding the Canyon Sands.

    "The average well in the area contains 1.5BCF based on 150 feet".

    They translate that into a NPV of $1m per well.

    So using the most rudimentary maths, we could estimate that 1150feet of gas might translate into 11.5BCF and a NPV of $7.7m for this single well - AND thats before we even look at Ellenburger.

    Again, this is all just heresay and cant be fully relied upon, but it at least gives us a starting point.
    CEL Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

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