exxon buys a large us gas company, page-4

I have also modelled RFE based on various scenarios

even if they dont meet their well targets by a significant margin then the NPV is still $2+ (based on my assumptions and those disclosed by RFE)

the only uncertainties in my opinion are the decline rates for the wells and whether operating costs can be kept below US$2 mcf

positive sign to see a major making acquisitions in the sector

not many shale gas plays would break even at gas prices below $6 IMO