changing dynamics, page-5

$4.50 per mmcf
Well Head Price $3.80 in Utah
Less 15% Royalty to govt $3.23
Less 15% payable to previous lease holders of Clear Creek
$2.74 Remember 100% working Interest 85% Net Interest.
Less Pipeline Transportation fee $0.50
$2.24
Less Gas Processing, cleaning pumping, readying for transport $0.30
$1.94

Lease Costs, Well Maintenance, and Water Disposal.
0.94c including minor workovers. (probably more than this)

I recon there will be about $1 left to pay for management and interest after all the bills have been paid.

$5.5M Interest, Management $2.4M

Cash required to become cashflow positive.
$7.9M per annum or $21,600 per day

or 21.6 mmcf/day