fause 0.5 mill cub ft per day in revenue??, page-9

The infrastructure to get FP commercial is around $400000 usd. Not a small outlay relative to the size of the initial production rate.

Looking at this, and what was contained in th Ann, there will be a great deal more to this story.

My take on it, for what it is worth....

*The well is very likely to be commercial from the other zones - the original targets. These targets have been proven with HC shows.
* Production from the zone tested will offset infrastructure costs.
*Output has the capacity to be likey increased and this will occur if the current .5 remains stable.
*It is likely that this well will be replicated to test flows from other layers and in all likelihood, both wells will be commercial, utilising different zones.

The upcoming commercial flow is an unexpected bonus. It is a chance discovery and the JV partners are doing the right thing by exploring and exploiting it.

I sold into the initial mini rally this morning and am looking for a re-entry. This is now by far, the most interesting investment I own.

DYOR

Regards

Educatorr