IMP imperial corporation limited

comparitive production rates

  1. 143 Posts.
    Here's a message for all you 'pumpers' and 'dumpers'...

    With some brief research, a company came up that does gas exploration in the Appalachian basin...
    LINN Energy... listed on the NASDAQ code "LINE".

    Excerpt from the company website about their operations...
    "At November 30, 2005, our production was approximately 21.6 MMcfe per day from 2,105 wells."

    IMP has 5 proved wells, with another 5 planned when a drilling rig is available. The land that they have has the possibility of 50 wells.

    If LINN energy has 2105 wells for a total of 21.6 MMcfe per day (approx 10,000 cf per day per well) and the nymex price of gas is about $7 per thousand cubic feet or lets say $8 due to premium IMP may receive.

    Like you all like to say... "you do the math"...
 
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Currently unlisted public company.

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