Henry Hub average gas price 2009 = $3.68per mcuft/ Henry Hub...

Henry Hub average gas price 2009 = $3.68per mcuft/ Henry Hub predicted gas price average 2010 = $4.78 per mcuft. Mae production cost $2.50 per mcuft. 2010 profit 2010 per mcuft is $2.28per mcuft. Therefore in 2010 :20mmcuft/day by $ 2.28 by 365 days=$16644000 profit per annum. One would hope when current wells are on production by 2010 then a minimum of 20mmcuft/day production /bottom of flow rate range /and assuming all cost of production are at $2.50 level , then there should be enough profit to pay Fortis interest and to drill and complete more wells in the higher producing areas to ratchet up production in 2010. This is not taking into account the 30 plus wells turned off and ready for recompletion as gas prices and gas demand increase into the future. Of course if all goes to plan in next 6 months then 30 to 40 mmcuft / per day may be a more reachable production scenario with extrapolation of profits also Goodweekend to all