5mmscfd seems to be a very modest target for the vertical well.
A horizontal well with 50mmscfd would require 10 wells drilled to get the minimum 500mmscfd required for their business model. I guess if it "only" costs $100M to drill each well (hopefully less), then that's "only" another $1B in costs to begin production. That seems reasonable, given the $3.6B cost for the production facilities themselves.
Or, does that $3.6B cost for the facilities already include the expense for the wells required?
MEO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
