Hi keepitreal, ok cool, no probs.Just do a search - ah don't...

Hi keepitreal, ok cool, no probs.

Just do a search - ah don't worry, here it is
I am no money man, but just did some numbers, who knows if im right or wrong but seems a fair start

Cheers

.........

So, would it be correct to say, based on JUST 15 wells for now:

150 mcf a day x 15 wells x $6 (current price of gas) = $13,500 a day

$13,500 x 365 days a year = $4,927,500 per annum

Or if they have 100 wells going...$

150 mcf a day x 100 wells x $6 (current price of gas) = $90,000 a day

$90,000 x 365 days a year = $32,850,000 per annum

Less 172,500 per well in cost (their share of the cost)
They hold basically 61% revenue interest so less the 31%