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even if the flow rate was 10mmcf a day, and they have 17.5% net...

  1. old man river
    3,353 Posts.
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    03/02/05
    14:17
    Post #: 778213
    even if the flow rate was 10mmcf a day, and they have 17.5% net working interest, well could make a material difference to their coffers.

    Also bear in mind that the capital expended to achieve this would be miles less than the offshore stuff, esp the development costs.

    I have a sneaky suspicion that PSA could be on to a winner here.
    PSA Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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